Representative Ilhan Omar, a Democrat, is under scrutiny for allegedly providing “misleading disclosures” to Congress about her husband’s significant wealth, which reportedly surged to around $30 million. This call for an investigation emanates from the National Law and Policy Center, a conservative nonprofit based in Virginia.
The organization has urged the Congressional Action Service to promptly investigate Omar’s financial disclosures. These documents indicate a remarkable increase in the assets of Omar’s third husband, Tim Mynett, between 2023 and 2024.
Interestingly, Mynett’s reported net worth leapt from just over $51,000 one year to nearly $30 million the next, according to her filings.
Peter Flaherty, the chairman of NLPC, expressed that, “Mr. Omar’s financial disclosures and public statements about his finances are completely unacceptable, and we need a thorough investigation.”
In 2023, Omar stated that her husband’s business, eStCRU LLC—a winery located in Santa Rosa, California—was valued between $15,000 and $50,000 in her disclosure, while another venture of his, Rose Lake Capital, a Washington, D.C.-based venture capital firm, showed stock valuations ranging between $1 and $1,000.
However, in the 2024 disclosures, eStCRU LLC was suddenly valued up to $5 million, and Rose Lake Capital LLC saw its worth swell to $25 million.
Flaherty’s group has reportedly lodged several ethics complaints against Omar over recent years.
Omar, who is 43, defended the asset values by explaining they reflect the total business cost assessment, noting that her husband is just one of several partners and that it doesn’t represent his individual stake.
Attempts to reach Mynett and Omar for comment remained unsuccessful.
A twist in the narrative emerged when Will Hayler, CEO of Mynett’s business partner at Rose Lake Capital, seemingly undermined Omar’s claimed valuations. During a bankruptcy case testimony in November 2024, he described the business as having minimal value and lacking assets under management.
In his testimony, when asked by his attorney about the company’s worth, Hayler acknowledged it was under $1 million, although he couldn’t specify if it was below $500,000. He indicated that their company had never made a financial investment of their own funds.
With respect to eStCRU, which is currently facing litigation from investor Naid Mohd—who asserts that the partners “fraudulently misrepresented” the winery as legitimate—Hayler mentioned it was in the process of closing.
Furthermore, the NLPC alleged that Omar had also breached the House Code of Public Service Conduct by instructing Somali-born voters on social media to avoid cooperating with federal investigations related to social services fraud in Minnesota. This issue reportedly involves scammers, primarily from the Somali community, who may have misappropriated over $9 billion in taxpayer funds.
Omar’s campaign has previously engaged E Street Group, another company owned by Mynett, paying them approximately $2.8 million from 2019 to 2020, according to public records.
The NLPC claims Omar’s public advice to voters against federal agents constitutes a violation of the House Code of Conduct, emphasizing that members should conduct themselves in a manner befitting the House of Representatives. NLPC attorney Paul Kamenar added that Omar could face potential criminal charges for her guidance to undocumented immigrants regarding interactions with ICE.
Kamenar also mentioned that he has filed a complaint with the Justice Department’s Criminal Division.
Additionally, Representative James Comer, the chair of the House Oversight Committee, has initiated an investigation into Omar and sought business records from Mynett, expressing concerns about the lack of disclosures regarding eStCru’s financial state.
“There is serious public concern about the dramatic increase in your business’s value within a year after reporting minimal assets. Given the reports of financial difficulties and alleged fraud, there are significant questions about how eStCru’s valuation escalated,” Comer stated.
Comer has widened his investigation to assess Mynett’s international operations, especially in Kenya, Somalia, and the UAE. Mynett is expected to respond to these requests by February 19.
