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Rags to riches Ilhan Omar faces mounting questions on sudden wealth — as hubby’s $30M firm quietly scrubs names from website
Ilhan Omar’s hubby’s $30M firm quietly scrubs names from website – as ‘Squad’ member faces mounting questions on sudden wealth amid Minnesota welfare fraud
By
Gabrielle Fahmy and
Published Dec. 27, 2025
Updated Dec. 27, 2025, 12:29 p.m. ET2K Comments
Rep. Ilhan Omar shifts blame to FBI amid alleged Minnesota fraud scandal
Omar’s husband’s venture capital firm quietly scrubbed key officer details — including former Obama officials — as scrutiny grows over the family’s skyrocketing wealth, The Post has learned.
Omar (D-MN) went from nearly broke to being worth up to $30 million in just a year — as a massive, up to $9 billion fraud scheme involving the Somali community in her district unfolded right under her nose in Minnesota.
Close to 90 people have been charged so far, including at least three with direct ties to the lefty Squad member, though she has not been charged.
It was Somalia-born Omar — who was seen in a resurfaced video last month dishing out food in a restaurant now at the heart of the scandal — who introduced the legislation critics say paved the way for what the feds have called the largest fraud of the pandemic.
The Jimmy Choo wearing socialist introduced the MEALS Act in Congress in 2020, relaxing oversight of government sponsored children’s meals programs during the pandemic, which critics say allowed fraudsters to claim they served millions of meals without verification, while pocketing millions of dollars in government subsidies.
Shortly after the scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital in 2022, a venture capital management firm.
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The company saw its reported value go from nearly zero in 2023, to between $5 million and $25 million in just a year, and somehow claims to having already amassed $60 billion assets under management — an amount many money managers on Wall Street only dream of.
“There’s a lot of strange things going on,” said Paul Kamenar, counsel to the National Legal and Policy Center. “She was basically broke when she came into office and now she’s worth perhaps up to $30 million…she needs to come clean on these assets.”
Rose Lake Capital, which touts its “deep global networks built from on-the-ground work in more than 80 countries,” had less than $1,000 in assets in 2023, according to Omar’s financial disclosure.
