Representative Ilhan Omar (D-MN) is facing renewed scrutiny following reports that her husband’s venture capital firm, Rose Lake Capital, quietly removed a list of key officers from its website. The digital purge coincides with questions regarding a massive spike in the couple’s reported wealth, which financial disclosures show jumped nearly 3,500% in a single year.
According to a filing submitted in May, the couple’s net worth has climbed from modest figures to an estimated range of $6 million to $30 million.
A significant portion of that valuation comes from Tim Mynett’s firm, Rose Lake Capital. In 2023, the firm reportedly held less than $1,000 in assets; the latest disclosure values it between $5 million and $25 million.
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The New York Post first reported the website changes, noting that nine advisors and officers were deleted from the site between September and October. The scrubbed names included high-profile figures such as former Obama ambassadors Adam Ereli and Max Baucus, former DNC treasurer William Derrough, and Alex Hoffman, an associate of the DNC Finance Chair.
“She was basically broke when she came into office and now she’s worth perhaps up to $30 million,” Paul Kamenar, counsel to the National Legal and Policy Center, told the Post. “She needs to come clean on these assets.”
The financial questions arise against the backdrop of a sprawling welfare fraud investigation in Minnesota, where 90 people have been accused of defrauding the state of hundreds of millions of dollars. RELATED: Mayors Revolt: Nearly 100 Minnesota Leaders Want Answers As Fraud Scandal Billions Mount
While Omar has not been charged, critics note that three of the accused have alleged ties to her. Scrutiny has also focused on her support for the MEALS Act, a pandemic-era measure that waived certain oversight requirements to speed up food access—a change some argue created vulnerabilities exploited in the fraud scheme.
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