Overview
- Federal prosecutors have charged nearly 90 people over alleged misuse of COVID-era child nutrition funds in Minnesota, which authorities call the largest pandemic-related fraud case.
- The Treasury Department and the Justice Department are investigating potential money laundering linked to the wider scheme.
- Rose Lake Capital, founded by Tim Mynett in 2022, deleted the names and biographies of nine officers and advisers from its site between September and October, according to published reports.
- The removed names included prominent Democratic figures such as Max Baucus, Adam Ereli, William Derrough, Keith Mestrich and Alex Hoffman, and none of them have been charged.
- Ilhan Omar’s disclosures list assets of $6 million to $30 million, with Rose Lake valued at $5 million to $25 million and a winery rising to $1 million to $5 million after a 2023 lawsuit settled, while the firm’s $60 billion AUM claim has drawn skepticism and no charges have been filed against Omar or Mynett.