by Misty Severi
House Oversight Chairman James Comer said Friday that he is launching an investigation into companies tied to Minnesota Democratic Rep. Ilhan Omar’s husband over their unexpected surge in value.
Comer claimed in a letter that two of Tim Mynett’s companies went from being worth $51,000 in 2023 to up to $30 million in 2024. Mynett married Omar in 2020.
“We want to know: who’s funding this? And who’s buying access?” Comer 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 values raises concerns that unknown individuals may be investing to gain influence with your wife.”
“Financial disclosure forms, filed by your wife Representative Ilhan Omar of Minnesota, show eStCru LLC and Rose Lake Capital LLC, which you hold ownership stakes in, went from being worth as much as $51,000 in 2023 to as much as $30 million in 2024. 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. Media reports further suggest that you may have raised money from investors using misleading information, meaning some of those funds may have been obtained improperly,” Comer added.
The Oversight Committee is asking Mynett to produce communications regarding his companies’ latest audits, along with communications with the Securities and Exchange Commission (SEC) and travel records to or from the United Arab Emirates, Somalia or Kenya.
The investigation comes after conservatives raised concerns about the lawmaker’s own unexpected net worth, which has increased to millions of dollars since 2019. The majority of her net worth comes from her husband’s companies.
Mynett’s and Omar’s biggest source of wealth comes from his venture capital management firm Rose Lake Capital LLC, which boasts about its extensive international ties, high-powered advisers, expertise in diplomacy, legislation and politics, but reveals nothing about its clients or investments.
The letter requests the information no later than Feb. 19.
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Misty Severi is a reporter for Just the News. Zachery Schmidt is the digital editor of The Star News Network and contributed to this story.
Photo “Ilhan Omar and Tim Mynett” by Ilhan Omar.
