The House Oversight Committee is probing “Squad” Rep. Ilhan Omar’s skyrocketing family wealth after a $9 billion Somali social services fraud scandal exploded in her district, The Post has learned.
Oversight panel Chairman Rep. James Comer (R-Ky.) said staff lawyers are exploring the extraordinary step of subpoenaing Omar’s spouse over his allegedly shady business practices.
“We’re going to get answers, whether it’s through the Ethics Committee or the Oversight Committee, one of the two,” he told The Post.
Republicans want to know how Somali-born Omar (D-Minn.) and her politically-connected husband Tim Mynett went from nearly broke to being worth up to $30 million in just a year, according to her 2024 disclosure forms.
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Separately, federal law enforcement is also probing.
“We are investigating all politicians potentially connected to any of this [fraud] in Minnesota. You can read between the lines,” said a law enforcement source.
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The comments came as The Post learned the FBI was briefed during the Biden administration on suspicions about an array of companies run by Omar’s hubby.
Investment firm Rose Lake Capital, formed by Mynett and partner Will Hailer in 2022, is part of a web of companies created by the lefty “Squad” member’s husband of five years.
Rose Lake Capital had a paltry $42.44 in its bank account in late 2022, according to court documents in a lawsuit against a related company filed in South Dakota.
Yet the firm rocketed in value from zero to up to $25 million in just a year, according to Omar’s 2024 filing.
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But Wall Street insiders told The Post they had never heard of Rose Lake, or of anyone investing with them despite the firm boasting on its website that it had been running billions of dollars of assets under management and engaging in an array of high-end financial activities including “deals, mergers and acquisitions, debt restructuring and capital raising.”
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Financial experts have also pointed to multiple variations of similar names for Rose Lake entities as raising “red flags,” and that the company was scrubbing a list of its officers from its site in the wake of the multi-billion dollar fraud scheme involving the Somali community in his wife’s district after a front-page report from The Post.
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The post House, Feds Probe to Unravel Mystery of ‘Squad’ Rep. Ilhan Omar’s Skyrocketing Wealth: ‘It’s Not Possible’ appeared first on American Renaissance.
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