From Obscurity to Tens of Billions — Then Leadership Disappears at Ilhan Omar’s Husband’s VC Firm as Scrutiny Mounts

Ilhan Omar and her husband (not the brother husband) Time Mynett have seen their fortune skyrocket since taking office.

Mynett husband runs one of the largest VC Firms which went from $0 to $60 billion in assets in about a year.

Omar’s husband is reported to be associated with a venture capital firm that surged from little-known status to tens of billions of dollars in assets in a remarkably short period. As scrutiny intensifies over widespread fraud allegations in Minnesota, the firm has removed multiple officers and advisers from its website, according to reporting — a move critics say raises red flags. Omar earns $174,000 annually as a member of Congress, yet her publicly reported net worth shifted from –$32,000 in 2019 to $30 million by 2024. The timing of the firm’s sudden digital cleanup, combined with these financial disclosures, is now fueling questions about transparency, influence, and accountability.

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 that critics say paved the way for what the feds have called the largest fraud of the pandemic.

Less we forget how many members of Congress demanded Trump’s tax return and then illegally released his tax returns while he was a private citizen.

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.

Democrats continue to escape accountability while working Americans are forced to surrender nearly half their income to fund corruption, fraud, and political machines that never face consequences. This isn’t governance — it’s abuse of power. The question isn’t whether citizens should obey the law, but how long they’ll tolerate a system that protects criminals and punishes taxpayers.

ILHAN OMAR – HUSBAND UPDATE:

Sourced @Ilhan‘s husbands VC firm website before they tried to scrub it clean (Rose Lake Capital)

Whole lot of Dem insiders & ex-Obama folks over at Rose Lake:

· @TimMynett (Omar’s husband)
· Alex Hoffman
· Will Hailer
· Justin Pratt
· Sheila… pic.twitter.com/1BKkH06GEF

— Bryn Davis (@BrynDavis) December 28, 2025

Ilan Omar makes $174,000 annually as congresswoman.

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.

Ilhan Net Worth 2019: -$32K

Ilhan Net Worth 2023: $65K

Ilhan Net Worth 2024: $30 MILLION

Her Husband, Tim Mynett, is the one who experienced a 3,500% growth. From what? His venture capital firm suddenly receiving BILLIONS.

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 Geoff Earle, NY Post, Dec. 27, 2025

Embattled Rep. Ilhan 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-Minn.) 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 the North Star State.

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 accused of wrongdoing.

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 that 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 meal 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, a venture capital management firm, in 2022.

The company saw its reported value go from nearly zero in 2023 to between $5 million and $25 million in just a year, and touted its officers’ $60 billion in “previous” assets under management — an amount many Wall Street money managers 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.

Yet despite the reported windfall, the business’s only address is a WeWork in DC, according to its LinkedIn page.

Between September and October — when federal prosecutors announced charges against eight more individuals, including six of Somali descent, for their roles in the welfare scheme — the names and bios of Rose Lake Capital’s nine officers and advisers were removed from the website. None of them were charged in the fraud.

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.”

Meanwhile, Mynett’s other business, a California winery that previously faced fraud allegations and was declared a failed venture in 2023, was suddenly worth between $1 million and $5 million in 2024 — a windfall of 9,900%.

The winery, eStCru, at some point around 2022 promoted a line of wines with names like “Blockchain” and “The Devil’s Lie,” with a prestigious California winemaker saying she abruptly stopped getting paid in early 2023. The business was only worth between $15,000 and $50,000 in Omar’s financial disclosure that year, making the sudden windfall the next year even more puzzling.

It too is listed as operating out of a WeWork, and doesn’t appear to actually sell any wines anymore, according to extensive internet searches.

Despite the high worth placed on the business, its website is a broken link, the phone number is disconnected and the last social media post for the winery dates back to 2023.

“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,” according to Kiersten Pels, spokesperson for the Republican National Committee.

When she first took office in 2019, the left-wing “Squad” member declared a net worth between negative $25,000 and negative $65,000, claimed to own no assets and be only carrying student and car debt.

Now Omar’s assets have suddenly skyrocketed to anywhere between $6 million and $30 million, according to her latest financial disclosure — just months after the congresswoman dismissed claims that she was a millionaire as “ridiculous” and “categorically false.”

Her links to the Minnesota welfare scheme have started to come to light in recent weeks.

Her campaign received $7,400 in direct donations from at least three now-convicted fraudsters, though the “Squad” member insisted she returned the donations after the scandal broke.

She’s been closely linked to at least two individuals from Minnesota’s Somalian community who’ve been charged in the fraud.

One is Salim Ahmed Said, the co-owner of Minneapolis’ Safari Restaurant, where Omar held her 2018 congressional victory party.

Said was found guilty in August of stealing more than $12 million for serving 3.9 million “phantom” meals during the COVID-19 pandemic, blowing much of the money on a $2 million Minneapolis mansion and a $9,000-a-month shopping habit at Nordstrom, according to prosecutors.

“Does Ilhan Omar know these people? Are they from her wonderfully managed Home Country of Somalia?” President Trump posted on his Truth Social platform when the news of the charges first broke. “Somali gangs are terrorizing the people of that great state, and billions of dollars are missing. Send them back to where they came from.”

A man in white robes and a white head covering exits the Safari Restaurant & Banquet Center carrying two bags. A “NOW OPEN!” sign for the restaurant is in the foreground.
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Since the scandal exploded, the Safari restaurant is listed as permanently closed on Google.
Star Tribune via Getty Images
As the scam was underway in 2020, Omar even appeared on video at Safari Restaurant to praise the program.

“Every day Safari provides 2,300 meals to children and their families,” she boasted in Somali in the video, while being filmed handling trays of food in a parking lot with her pandemic-era facemask pulled down below her nose.

The other individual, Guhaad Hashi Said, worked on Omar’s campaign in 2018 and 2020, and pleaded guilty in August to running a fake food site called Advance Youth Athletic Development, where he falsely claimed to serve 5,000 meals a day and pocketed $3.2 million out of the food program.

Ilhan Omar, candidate for State Representative for District 60B, campaigns on election day.

Continued…..