House Oversight Committee Chairman James Comer (R-KY) sent a letter to Rep. Ilhan Omar’s (D-MN) husband, Timothy Mynett, after his stake in two companies drastically surged. In 2023, Mynett held $51,000 in eStCru LLC and Rose Lake Capital LLC. The value jumped to $30 million in 2024.
“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,” Comer wrote in his letter. “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.”
The letter added that there are “serious public concerns about how your businesses increased so dramatically in value only a year after reporting very limited assets.”
In 2021, Mynett promised an investor a 200% return on a $300,000 investment in eStCru. The funds were not repaid until he was sued for fraud in 2023.
“Further, after these reports about financial trouble and alleged fraud, the Committee has serious questions about how eStCru’s valuation increased by up to $5 million in a single year,” Comer wrote.
In a statement on X, Comer said, “I’m demanding financial information from companies linked to Minnesota Rep. Ilhan Omar’s husband. His companies reportedly went from $51K to $30 MILLION in one year — with zero investor information.”
“So we want to know: Who’s funding this? And who’s buying access?” he asked
