Ilhan Omar's Finances Scandal Explodes, Mamdani Caught in NYPD Hypocrisy | 6/23/26 FIRST LOOK

0:03Hey everybody, I'm Dave Rubin and this is First Look. It's Tuesday, June 23rd, 2026. We've got a packed show for you today. Ilhan Omar's latest financial disclosure raises even more questions after her husband's once multi-million dollar businesses suddenly appear to be worth virtually nothing. New York Mayor Zoran Mamdani says ICE should be abolished because the NYPD can handle public safety, despite years of calling for the NYPD to be defunded. The FBI brings back an accused mastermind behind a$3.7 billion Medicare fraud scheme after tracking him down in Turkey. Let's dive in. We start with Congresswoman Ilhan Omar, whose latest financial disclosure is raising fresh questions about her finances and the finances of her husband, Democratic political consultant Tim Minot.

1:00And honestly, the numbers don't seem to add up. According to Omar's newly released 2025 financial disclosure report, Minot, who previously claimed ownership stakes in businesses valued at up to$30 million, now appears to be earning almost nothing. In fact, Omar's filing claims Minot earned between$200 and$1 ,000 during the entire year, and that income didn't even come from his primary business. According to the filing, Minot reported no income from Rose Lake Capital, the venture capital firm he launched in 2022. Instead, the only reported income came from his now-defunct wine company, ESTCRU, which officially shut down earlier this year.

1:48The disclosure becomes even more puzzling when you compare it to what Omar reported just one year ago. In 2024, Omar's financial filings suddenly showed the couple's wealth exploding, from virtually nothing to somewhere between$5 million and$30 million. That dramatic increase immediately attracted public scrutiny. It also triggered a congressional inquiry into Omar's finances. Then earlier this year, Omar filed an amended disclosure. In that revision, she suddenly claimed the businesses were worth zero. According to Omar, the previous figures were simply the result of an accounting error. That's quite an accounting error.

2:31Going from millions of dollars to zero tends to attract attention. Now, despite the businesses allegedly having no value, the amended filing showed they were still generating significant revenue. According to those disclosures, Rose Lake Capital generated between$100 ,000 and$1 million. The wine company generated between$2 ,500 and$5 ,000. Yet now Omar reports essentially no meaningful income coming from either operation. The latest filing also paints a picture of a couple with surprisingly limited assets. According to Omar, total assets range between$20 ,000 and$125 ,000. Credit card and student loan debt ranges between$30 ,000 and$100 ,000.

3:23Depending on where those numbers fall, the couple's reported net worth could actually be negative. Naturally, Republicans aren't buying it. RNC spokeswoman Delaney Bomar blasted the latest filing, saying voters see right through the corrupt lies of Ilhan Omar. The scrutiny surrounding Omar's finances comes as broader questions continue surrounding political influence networks connected to Minnesota's Democratic establishment. Minot's business partner at Roselay Capital is Will Haller, another longtime Democratic operative. Both men previously worked with Minnesota Attorney General Keith Ellison, and according to reports, Hayler has publicly taken credit for helping orchestrate the political succession that ultimately cleared the path for Omar to enter Congress.

4:12Now, none of this necessarily proves wrongdoing, but what it does create is a growing list of questions. How do assets go from nearly$30 million to zero? How does a supposedly worthless company still generate substantial income? And how does a political consultant with nearly two decades of Washington experience suddenly report making only a few hundred dollars a year? Those are questions voters and investigators will likely continue asking. Now to New York City where Mayor Zoran Mamdani is once again making headlines, This time for arguing that ICE should be abolished because according to him, New York already has the NYPD to keep people safe.

4:57The comments came during a lengthy interview on NPR's Latino USA podcast. When asked about immigration enforcement, Mamdani didn't mince words. He said, I firmly believe that ICE should be abolished. He then argued that immigration should be handled with humanity at the heart of it. Mamdani also made clear that New York will continue refusing to cooperate with federal immigration enforcement. He said, our city is not going to assist ICE in civil immigration. But here's where things get interesting. The mayor justified his position by praising the NYPD. According to Mamdani, we have the NYPD in our city when it comes to public safety.

5:39He then added, ICE does not assist in that work. The problem? This is the same Zoran Mamdani who spent years attacking the NYPD. In 2020, Mamdani posted, Queer liberation means defund the police. In another post during Pride Month, he declared the NYPD is racist, anti-queer, and a major threat to public safety. Read that again. A major threat to public safety. Yet now he's arguing New Yorkers should trust that very same department to replace ICE entirely. It's a remarkable political pivot, and one that NPR's interviewer never bothered to challenge. In fact, the interview largely avoided any serious pushback altogether.

6:26Instead, much of the discussion focused on pizza, bagels, tacos, soccer, Pride Month, and Mamdani's love of speaking Spanish. At one point, Mamdani also said Puerto Rico should be allowed to vote on independence. And when asked about national politics, he suggested he would like to see Alexandria Ocasio-Cortez run for president. Now here's the broader issue. Whether someone supports or opposes immigration enforcement, ICE exists for a reason. Its job isn't the same as local police. ICE focuses on immigration violations, deportations, human trafficking investigations, transnational criminal organizations, and immigration-related national security threats.

7:14The NYPD doesn't perform those functions. And that's why critics argue Mamdani's position isn't really about public safety. It's about ideology. because it's difficult to simultaneously argue that police are a threat to public safety for years and then suddenly claim they're the perfect substitute for federal immigration enforcement. And finally, a major win for federal law enforcement, the FBI announced Monday that it has successfully returned an accused architect of one of the largest Medicare fraud schemes in American history. The suspect is Ibrahim Khaldun Hilmi. Federal prosecutors allege he helped orchestrate a massive$3.7 billion Medicare fraud operation.

7:59According to investigators, Hilmi fled the United States in May of 2025 as authorities closed in. But after an international manhunt, Turkish authorities located and detained him. Last week, the FBI's critical incident response group traveled to Turkey and brought him back to the United States through a formal transfer of custody operation. FBI Director Kash Patel celebrated the arrest. Patel said he's been on the run since May of 2025, but we got him. He credited FBI Miami, the Department of Justice, Turkish authorities, and U.S. Ambassador Tom Barrack for helping secure Hilmi's return. What's especially noteworthy is that this is now the second major Medicare fraud fugitive returned to the United States in less than a week.

8:47Just days earlier, authorities brought back Herbert Kimball. Prosecutors accused Kimball of running a separate$1.3 billion Medicare fraud scheme. Combined, the two cases represent approximately$5 billion in alleged fraud. That's$5 billion allegedly stolen from programs funded by American taxpayers. Patel used the announcement to highlight what the administration describes as a broader crackdown on fraud and government waste. He called the arrest another massive win for this FBI's war on fraudsters and added that anyone stealing from American taxpayers should understand no matter where they try to hide, they will be caught.

9:32Now, while these cases still have to move through the court system, the scale of the allegations is staggering. Billions of dollars, international fugitives, multi-country investigations, and taxpayer-funded healthcare programs allegedly being used as piggy banks by criminal networks. It's exactly the type of fraud that drives Americans crazy, because every dollar stolen is money that was supposed to help people who actually need healthcare. And if federal prosecutors prove these allegations in court, it would rank among the largest healthcare fraud operations ever uncovered. And that's your first look this Tuesday.

10:14Quick recap. Ilhan Omar's latest financial disclosures are raising fresh questions after her husband's reported wealth appears to have gone from millions of dollars to virtually nothing. Zoran Mamdani says ICE should be abolished because the NYPD can handle public safety despite years of advocating for defunding that same police department. and the FBI successfully brought back an accused architect of a$3.7 billion Medicare fraud scheme after tracking him down in Turkey. We'll keep following all of it. I'm Dave Rubin. Thanks for starting your day with First Look. See you tomorrow.