INVESTIGATION: Ilhan Omar’s Husband’s Firm Scrubs Officer Names, LinkedIn Page Amid Historic Fraud Scandal

“While working families were being ripped off by a massive welfare scam, Omar’s campaign took money from convicted fraudsters, her husband launched a firm that suddenly ballooned in value, and [Minnesota Governor] Tim Walz looked the other way,” said Kiersten Pels, spokesperson for the Republican National Committee.

Minnesota is in the middle of one of the largest fraud scandals in U.S. history. The FBI is now investigating a scheme in the North Star State which appears to have siphoned up to $9 billion in taxpayer funds and redistributed those monies to—in many cases—Somali-run fake businesses disguised as social services. Coverage of the scandal is going mega-viral. Around 90 people have been charged. At least three now-convicted fraudsters made the maximum personal campaign contribution to Congresswoman Ilhan Abdullahi Omar (D-Minneapolis), according to reporting by the New York Post. 

Amidst all of this, the venture capital firm owned by Omar’s third husband, Tim Mynett, has begun  scrubbing its website. The names and likenesses of nine officers at Rose Lake Capital have reportedly been erased.

However, the Internet never forgets, as they say. Reporters Gabrielle Fahmy and Geoff Earle included the full list of scrubbed names. Given that the firm says its expertise “includes structuring deals, mergers and acquisitions, debt restructuring and capital raising,” one would expect to see the names of VC gurus and experienced financiers. But interestingly, most of the names belong to individuals with political activist backgrounds and strong ties to Democrat leadership.

“These names include lobbyist and former Obama Ambassador to Bahrain Adam Ereli; former Senator and Obama Ambassador to China Max Baucus; DNC Finance Chair associate Alex Hoffman; former DNC treasurer William Derrough; and former ex-CEO of Amalgamated Bank Keith Mestrich, who once described Amalgamated as ‘the institutional bank of the Democratic Party,’” write Fahmy and Earle.

According to Omar’s own financial disclosures, Rose Lake Capital barely existed on paper in 2023, listed at under $1,000 in value. In just one year, the firm was valued at around $25-30 million and was flaunting its officers’ $60 billion in “previous” assets under management. That year, Omar’s net worth shows a mindboggling one-year increase of 3,500%.

To say that’s a meteoric rise in wealth is an understatement. 

And yet, the company’s LinkedIn page—from which the nine officers’ names were also removed—currently lists their business address as a WeWork in Washington D.C.

One would think a $30 million company could afford better accommodations than a rentable public workspace. 

During the process of writing this article, the LinkedIn page included above was at some point suspended or deleted. Clicking the link now redirects to a blank screen which says “The Page you’re searching for no longer exists.”

To be clear, Mynett is not presently accused of any wrongdoing. However, given how and where it occurred, with wealth appearing quickly and quietly in the household of an elected official whose district and community is ground zero for a historic fraud case—an elected official who introduced legislation relaxed oversight of social service programs and which fraudsters exploited for hundreds of millions of taxpayer dollars—it naturally raises questions.

It also wouldn’t be the first time Mynell has faced fraud allegations with regard to a business venture. A California winery he ran—eStCru LLC—was once declared a failed venture and later became the subject of a fraud lawsuit when an investor accused Mynett and a partner of swindling him out of $900,000 by misrepresenting the business as legitimate. Despite appearing defunct—also operating out of a Wework and having a disconnected phone line and broken website—the company’s value ballooned from $1 million and $5 million in 2024.  

How did an inactive winery suddenly show a near-10,000% increase in reported worth?

And how did Mynell do it again with Rose Lake Capital?

“While working families were being ripped off by a massive welfare scam, Omar’s campaign took money from convicted fraudsters, her husband launched a firm that suddenly ballooned in value, and [Minnesota Governor] Tim Walz looked the other way,” said Kiersten Pels, spokesperson for the Republican National Committee.

“Investigate everything,” Congressman Brian Babin (R-TX) posted on Twitter/X. “Prosecute everyone involved.”