When your spouse's investment firm suddenly scrubs its website of executive bios while federal investigators are looking into welfare fraud allegations, people notice. That's the situation facing Rep. Ilhan Omar's husband, Tim Mynett, whose company Rose Lake Capital has quietly removed key officer information from its online presence.
The timing is awkward, to say the least. The couple is facing mounting questions about how their net worth skyrocketed while a welfare fraud investigation unfolds in Minnesota, involving individuals connected to the congresswoman.
Here's where things get interesting. Mynett founded Rose Lake Capital in 2022, and the firm's value somehow went from essentially zero in 2023 to somewhere between $5 million and $25 million within a single year. That's the kind of growth that typically requires either extraordinary business acumen or some very specific questions.
The firm's website recently underwent what you might call a strategic makeover. Gone are the names and biographical details of its nine officers and advisors, a group that reportedly includes former Obama administration officials and prominent Democratic Party figures. None of these individuals have been charged in the ongoing welfare fraud case, but the decision to remove their information has raised eyebrows.
According to The New York Post, Omar herself experienced a similarly dramatic wealth increase, jumping from near-zero net worth to potentially $30 million within a year. She's under scrutiny for connections to a large-scale fraud scheme involving the Somali community in her district. While Omar hasn't been charged, at least three people with direct ties to her have been indicted.
Paul Kamenar, counsel to the National Legal and Policy Center, didn't mince words. "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," he told the outlet.
The wealth surge extends beyond Rose Lake Capital. Mynett's other venture, a California winery that faced its own fraud allegations in 2023, saw its value jump from between $15,000 and $50,000 to between $1 million and $5 million in 2024.
Omar's connections to the Minnesota welfare scheme have become increasingly difficult to ignore. Her campaign received $7,400 in direct donations from at least three now-convicted fraudsters, though she stated she returned the money after the scandal broke.
The Treasury and Justice Department have now launched an investigation into alleged money laundering connected to the case. The outcome could have serious implications for both Omar's political career and Mynett's business ventures, particularly as questions about the couple's sudden wealth accumulation continue to mount.