From Backstreet to Billions: Ilhan Omar’s Husband's Firm Scrubs Website Amid Growing Pressure

The rise of Tim Mynett and his venture capital firm in Minnesota has been nothing short of questionable especially, since his wife, Ilhan Omar, has come under scrutiny regarding massive fraud in her state, which is tied to her people there. What started as a small startup just outside Silicon Valley has quickly grown into a juggernaut, with investments in everything from biotech to artificial intelligence.  However, as the company’s fortunes have soared, so too have the questions surrounding its practices.

As this report points out:

🚨 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.

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

Mynett, who is married to Rep. Ilhan Omar, has long been a controversial figure in Minnesota politics. While Mynett has not been one to shy away from the spotlight, the fraud taking place in Minnesota, which is in the billions, concerns his wife and her net worth, considering she wasn’t worth much in her first installment as a representative.  Her own people, Somalis, are implicated in the fraud, and thus, attention also gets focused on Mynett.

The accusations against Mynett and his VC firm come from former employees, who claimed unethical behavior, including falsifying financial records and misleading investors. The Minnesota Attorney General’s office has launched an investigation into the allegations.  However, that office is led by Keith Ellison and he is about as crooked as a dog’s hind leg, and as recent responses suggest, he is in on the coverup of the fraud taking place in the state.

In a recent statement, Mynett denied any wrongdoing and vowed to cooperate fully with the investigation.

Several high-ranking executives at the firm have resigned in the wake of the scandal, and the company’s board of directors has moved to oust Mynett as CEO.

The New York Post adds information about Ilhan Omar:

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.

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Article posted with permission from Sons of Liberty Media