The House Oversight Committee has launched an investigation into the dramatic increase in value of two companies owned by Representative Ilhan Omar’s husband, Timothy Mynett, raising serious concerns about potential influence peddling and financial transparency.
According to committee records, Mynett’s firms—eStCru LLC and Rose Lake Capital LLC—were valued at approximately $51,000 in 2023 but were reported as worth up to $30 million by early 2024.
Oversight Committee Chairman James Comer (R-KY) wrote in a letter to Mynett: “Given that these companies do not publicly list their investors or where their money comes from, this sudden jump in value raises concerns that unknown individuals may be investing to gain influence with your wife.”
Comer also referenced media reports of a 2021 allegation that Mynett promised a 200 percent return on a $300,000 investment in eStCru but did not repay the funds until after being sued for fraud in 2023.
Rose Lake Capital, listed in Omar’s 2024 financial disclosure as a venture capital firm, showed a substantial increase in value. Earlier disclosures indicated that Mynett earned between $5,000 and $15,000 from eStCru annually and reported no income from Rose Lake Capital.
The committee has requested financial statements, investor information, travel records, and other documents related to both companies. The inquiry follows growing political controversy surrounding Omar, including recent reports that President Donald Trump indicated investigations involving her are also underway at the Department of Justice.
In recent years, critics have linked Omar to broader Minnesota fraud scandals involving the Somali community, such as a pandemic-era case in which a former political operative associated with her admitted guilt in a scheme involving federal child nutrition funds. However, Omar has not been charged with fraud.
