NEW: Ilhan Omar’s Husband Scrubs His Bios As Walls Close In On Somali Fraud Across U.S.

Embattled Rep. Ilhan Omar’s family finances are drawing fresh scrutiny after her husband’s venture capital firm quietly erased key leadership information from its website as questions mount over the Minnesota Democrat’s sudden rise in wealth.

Omar (D-Minn.) reported going from nearly broke to declaring assets worth as much as $30 million in roughly a year, a stunning jump that coincided with the unraveling of what federal prosecutors have described as the largest pandemic fraud scheme in U.S. history. The alleged scam, centered in Minnesota’s Somali community, could total as much as $9 billion. Nearly 90 people have been charged so far, including at least three individuals with direct ties to Omar. She has not been accused of wrongdoing.

Shortly after the fraud scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital in 2022. The firm’s reported value climbed from nearly zero in 2023 to between $5 million and $25 million in just one year, while boasting officers with a combined $60 billion in “previous” assets under management.

“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.”

Despite the eye-popping numbers, Rose Lake Capital is listed as operating out of a Washington, D.C., WeWork space and reported less than $1,000 in assets in Omar’s own 2023 financial disclosure. As federal charges piled up in the Minnesota fraud case last fall, the firm quietly removed the names and biographies of nine officers and advisers from its website. None have been charged.

Those scrubbed names included former Obama administration officials, Democratic Party financiers and prominent figures in left-leaning banking and politics.

Mynett’s other business, a California winery previously hit with fraud allegations, also saw its declared value skyrocket after being labeled a failed venture in 2023. The winery now appears dormant, with a dead website, disconnected phone number and no recent sales activity.

Omar entered Congress in 2019 with a negative net worth, declaring only debt. Her latest disclosure lists assets between $6 million and $30 million, months after she dismissed claims she was a millionaire as “ridiculous” and “categorically false.”

When asked last week whether she regretted sponsoring the MEALS Act, legislation critics say loosened oversight and enabled massive fraud, Ilhan Omar responded, “Absolutely not, it did help feed kids.”

Federal investigations into the broader scheme are ongoing.

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