From NY Post: 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.
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.
In 2020, Omar introduced the MEALS Act in Congress, which introduced relaxed oversight of government-sponsored children’s meals programs during the pandemic. Fraudsters could claim to have served millions of meals, but sine there is no verification process, they could potentially walk away with millions.
Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital in 2022, shortly after the act unfolded. It’s value went from nearly zero in 2023 to between $5 million and $25 million in just a year, and $60 billion in assets under management.
Paul Kamenar, counsel to the National Legal and Policy Center, commented on Omar’s wealth, stating, “There are many strange things going on. She was essentially broke when she came into office, and now she is worth perhaps up to $30 million. She needs to come clean on these assets.”
Read more at NY Post
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