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The venture capital firm owned by Rep. Ilhan Omar’s husband went on a deleting spree, removing the details of key officers from its website, including former Obama officials, as scrutiny of the family’s $30 million fortune and ties to fraud continue to grow.
Calls to prosecute Omar and remove her from office have increased in recent months, alongside evidence of her links to massive fraud in Tim Walz’s scandal-ridden Minnesota.
President Trump has called Minnesota a “hub of fraudulent money laundering activity” under its Democrat governor.
As The New York Post explains, “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.”
Rose Lake Capital grew from zero value to around $25 million in just a year, and said it had $60 million in assets under its management.
The firm describes itself as having “deep global networks built from on-the-ground work in more than 80 countries,” despite owning less than $1,000 in assets in 2023.
The business address is a WeWork space in Washington DC.
Between September and October of this year, as the Department of Justice announced more charges for individuals involved in the fraud operation, the names of Rose Lake Capital’s nine officers and advisors were removed from the website.
“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,’” the Post reports.
“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 Gov.] Tim Walz looked the other way,” said Kiersten Pels, spokesperson for the Republican National Committee.
Rep. Omar has been linked to a number of individuals in Minnesota’s Somali community who have been charged with fraud. These include Salim Ahmed Said and Guhaad Hashi Said.
Last week, Omar told reporters she had not regrets about her role in introducing the MEALS Act.
“Absolutely not, it did help feed kids,” she told a reporter.
