Omar (D-MN) went from nearly broke to being worth up to $30 million in just a year
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.
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.
Shortly after the scheme played out, Omar’s husband, political consultant Tim Mynett, launched Rose Lake Capital in 2022, a venture capital management firm.
The company saw its reported value go from nearly zero in 2023, to between $5 million and $25 million in just a year, and somehow claims to having already amassed $60 billion assets under management — an amount many money managers on Wall Street only dream of.
“There’s a lot of strange things going on,” said Paul Kamenar, counsel to the National Legal and Policy Center. “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.”
Rose Lake Capital, which touts its “deep global networks built from on-the-ground work in more than 80 countries,” had less than $1,000 in assets in 2023, according to Omar’s financial disclosure.
Yet despite the reported windfall, the business’s only address is a WeWork in DC, according to its LinkedIn page.
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%.
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‘Tim Walz and the Fraudsters Aren’t Escaping’: Influencer Exposes Potential $110 Million Minnesota Child-Care Scam
Influencer Nick Shirley accused Minnesota Governor Tim Walz (D) of child-care fraud, claiming $110 million in taxpayers dollars have funded child-care centers he says are empty.
In a viral 42-minute video posted to X, Shirley and his crew visit multiple Minnesota child-care centers on a weekday only to find them nonoperational, per allegations made in the segment.
“There’s no one here,” Shirley says on camera while standing in front of one of the centers. “This is a prime example of the billions of dollars in fraud happening right now in Minnesota.”
Shirley alleged that one of Minneapolis centers in question, called “Quality Learning Center” — notable to Shirley because “learning” is misspelled on its sign — appeared vacant of the approximately 99 children it is licensed for and received $1.9 million in Child Care Assistance Program funding in 2025 alone, plus millions more previously.
After posting the video, Shirley took to X, holding Walz and his administration accountable.
“Tim Walz and the fraudsters aren’t escaping this one,” he wrote. “In one day, my crew and I uncovered over $110,000,000 in fraud. This is just the tip of the iceberg. We the people simply work too hard and pay too much in taxes to allow this to happen. They must be held accountable.”
He has since continued his online attacks on Walz, calling the governor an “American Pirate.”
“Tim is on the clock,” he wrote. “He will either resign and flee to avoid accountability or be dumb enough to continue his campaign for reelection.”
Shirley’s video is making its rounds online. Elon Musk, who has been vocal in condemning Walz, shared it to his X with the caption “Prosecute @GovTimWalz.” Walz has also attacked Musk for his involvement in politics, saying he “skipped like a dips**t” at one of President Donald Trump’s rallies.
Rep. Tom Emmer (R-MN), who serves as the House majority whip, also demanded answers from Walz on the viral video.
“4 million dollars of hard earned tax dollars going to an education center that can’t even spell learning correctly,” Emmer wrote on X. “Care to explain this one, @TimWalz?”
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Trump’s Highway Enforcement Lays Groundwork For U.S. Trucking Revival
As 2025 draws to a close, America’s truck drivers—the unsung heroes keeping our economy rolling—have a good reason to celebrate. What began as a gritty grassroots uprising in Arkansas against wage-dumping and unsafe foreign competition has transformed into a national triumph, spearheaded by President Trump’s no-nonsense cabinet. This administration isn’t just talking the talk; they’re enforcing real change, putting American workers first in an industry battered by globalist policies.
President Trump’s Executive Order was the opening salvo: mandating English proficiency for commercial drivers and launching a probe into fraudulent non-domiciled CDLs that have flooded the market with unvetted, unqualified, and untrained operators. Secretary Duffy’s deep-dive investigation exposed the ugly truth— American truckers are being systematically replaced through illegal schemes, driving down wages and compromising highway safety. The FMCSA’s Interim Final Ruling, though imperfect, marked a seismic shift, with the executive branch finally forcing the cutting off of the flow of illegal aliens who obtain EAD cards and CDLs. More needs to be done to permanently revoke and ban all non-domiciled CDLs, but career staffers are blocking these efforts.
Then came Secretary Rubio’s freeze on work visas exploited by trucking firms, halting the influx of cheap foreign labor. Under Secretary Noem’s oversight, ICE Director Todd Lyons increased enforcement through 287(g) agreements, training officers to identify immigration violations on the road. The payoff? The high-profile arrest of a terror suspect wielding one of these bogus CDLs underscores the national security risks of lax borders.
Economically, the stakes couldn’t be higher. Under the previous regime, over 88,000 American-owned trucking companies folded amid mass migration and crippling regulations. But with Trump’s team at the helm, 2026 promises a resurgence: fairer wages, safer roads, and protected jobs. God is answering our prayers through this administration, but battles loom— from litigation to lingering deep-state resistance.
FreightWaves’ Craig Fuller reports that the latest trucking spot rates have now surpassed 2022 seasonal levels.
Non-Citizen and Temporary Resident Truckers File Class-Action Lawsuit Against California DMV Over Mass CDL Cancellations
A group of non-U.S. citizen and temporary resident truck drivers has launched a class-action lawsuit against the California Department of Motor Vehicles (DMV) and its director, Steve Gordon, accusing the agency of unlawfully planning to revoke nearly 20,000 commercial driver’s licenses (CDLs) due to administrative blunders.
The suit, filed on December 23 in Alameda County Superior Court, claims the DMV’s actions stem from federal pressure under the Trump administration and violate state law by denying drivers the chance to correct errors or reapply.
The controversy erupted after a federal audit by the Federal Motor Carrier Safety Administration (FMCSA) revealed that California had improperly issued thousands of non-domiciled CDLs, licenses for non-U.S. citizens or permanent residents with temporary work authorization, by setting expiration dates that exceeded drivers’ legal presence documents.
To be clear, these drivers happily operated under questionable credentials that prioritized diversity over safety and compliance until they were caught.
In response, the DMV sent cancellation notices in November and December to about 17,299 drivers (effective January 5, 2026) and another 2,700 (effective mid-February), citing mismatches in paperwork.
Many believe the audit was done thanks to the U.S. Department of Transportation (DOT) withholding over $40 million in federal funds and cracking down on states for lax enforcement of CDL rules, including English proficiency standards.
The plaintiffs, including five anonymous immigrant drivers and the Jakara Movement, a group representing Punjabi Sikh communities, allege the DMV’s cancellations are “arbitrary and capricious,” punishing workers for the agency’s own mistakes without due process.
Many affected drivers are Sikh immigrants who now make up a large population of the state’s trucking industry, transporting freight, operating school buses, and handling essential services.
“The DMV’s actions will result in the loss of their hard-earned careers and impose severe financial and emotional hardships on the drivers and their families,” the lawsuit claims.
It further states that under California Vehicle Code § 13100, cancellations must be “without prejudice,” allowing immediate reapplication, but the DMV has halted all processing of non-domiciled CDLs, telling applicants it has “no guidance” to assist them.
The suit claims this violates due process under the California Constitution, as drivers are deprived of property and liberty interests “without notice and a meaningful opportunity to be heard.”
“The state of California must help these 20,000 drivers because, at the end of the day, the clerical errors threatening their livelihoods are of the CA-DMV’s own making,” said Munmeeth Kaur, legal director of the Sikh Coalition, in a statement. “If the court does not issue a stay, we will see a devastating wave of unemployment that harms individual families, as well as the destabilization of supply chains on which we all rely.”
Heartstrings aside, where’s the accountability for these drivers who should have ensured their paperwork was ironclad before hauling freight or American children?
Governor Gavin Newsom’s office previously pushed back against DOT claims that the state “admitted to illegally issuing” licenses, insisting California followed existing rules before a recent FMCSA rule change.
The suit seeks to certify the class, halt cancellations, compel the DMV to allow reapplications, and declare the actions unlawful.
In October, Jashanpreet Singh, an illegal alien from India, caused a deadly multi-vehicle pileup in Southern California, killing three innocent people and injuring four others when his big rig slammed into traffic.
Singh entered the U.S. from India in 2023 and was released under Biden-era catch-and-release practices. He now faces three counts of vehicular manslaughter with gross negligence and one count of reckless driving.
“This is a heinous tragedy that took three lives and severely injured others. Frankly, it was easily avoidable if the defendant was not driving in a grossly negligent manner and impaired. Had the rule of law been followed by State and Federal officials the defendant should have never been in California at all”, said San Bernardino County District Attorney, Jason Anderson.
ICE has lodged an arrest detainer against the criminal alien.
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