Isn't it amazing how many people come to Congress having only modest means, and suddenly, once elected, grow rich? Case in point: Democratic Representative Ilhan Omar (MN-05), whose district encompasses a good slice of Minneapolis, that Mogadishu of the Midwest. She came to the office, reports have it, nearly broke. Today, she reportedly has a net worth of over $30 million. And her husband's venture capital firm has seen a sudden skyrocket to success.
Now, though, as attention is focusing on this mysterious success, it seems that Omar's husband, Tim Mynett, and his company, Rose Lake Capital, are under scrutiny - and they are hurrying to scrub their books. An exclusive report at the New York Post brings the details.
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-MN) 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 Minnesota.
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 charged.
"Right under her nose," of course, carries the implication that she didn't know anything about the rampant fraud. Color me skeptical about her and Minnesota Governor Tim Walz, too, while we're at it. Governor Walz may not have benefited personally from all this, but I have a hard time believing he was completely unaware, even though he seems unwilling to turn his hoptoad gaze on the whole mess.
And, as so many of these cases have done, it all started during the COVID debacle.
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.
That opened the door for that fraud, which encompasses food programs and day cares as well; the depth and breadth of these schemes is still unfolding.
Back to Omar's husband and his business shenanigans, though:
Between September and October — when federal prosecutors announced charges to eight more individuals, including six of Somali descent, for their roles in the welfare scheme — the names and bios of Rose Lake Capitals’s nine officers and advisors 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%.
There's an awful lot of smoke here for there not to be a fire somewhere in the cloud.
We have, at the heart of all this, a member of the United States House of Representatives who pledges allegiance to Somalia, who appears to despise the country that has taken her in and awarded her with citizenship, who is a member of a community that has committed acts of corruption that would make Huey Long blush with embarrassment. Her husband, in the horrendously competitive world of venture capital, has gone from a nobody to a considerable player in a few months - and her personal net worth seems to have exploded as well.
This has always been the way of things with socialists. From the riverfront luxury dachas of the Soviet Union's Politburo to Senator Bernie Sanders (I-VT)'s three expansive houses to, now, Ilhan Omar's sudden rise to wealth, socialist politicians always seem to grow mysteriously rich while in power.
Ilhan Omar's House seat is probably safe for as long as she wants it; that's the bad news. But if she can be tied directly to these fraud schemes, there's an argument to be made for revoking her citizenship - yes, that can be done - and sending her back to the country of her birth, which is whose interests she appears to represent in any case.
Editor’s Note: Help us continue to report the truth about corrupt politicians like Ilhan Omar and Tim Walz.
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