Rep. Ilhan Omar told Congress last year that her husband's businesses were worth as much as $30 million. Now she says the real number is under $95,000, and she blames her accountant. House Oversight Committee Chair James Comer says the Minnesota Democrat could face felony charges if she lied about the money.
The gap between those two figures is not a rounding error. It is a chasm wide enough to invite federal scrutiny, ethics complaints, and a growing roster of Republicans and watchdog groups demanding answers that Omar has so far refused to give.
Omar's 2024 congressional financial disclosures, filed last year, initially valued Tim Mynett's businesses at between $6 million and $30 million. An amended filing now lists the couple's joint assets at between $18,004 and $95,000, and shows Omar carrying up to $100,000 in student and credit card debt. The New York Post reported that the amended disclosure came after scrutiny from the Office of Congressional Conduct, an independent ethics body that investigates allegations of misconduct among House members and staff.
Much of the financial tangle traces back to Mynett, Omar's third and current husband, and the string of companies he launched after his political consulting firm, E Street Group LLC, ceased operations in 2021. Omar's campaign paid E Street Group $2.9 million between 2019 and 2020. After its trade name was canceled in November 2021, Mynett started a new set of ventures: eSt Ventures, Badlands Fund GP, Badlands Ventures, Rose Lake Capital LLC, and eStCru, a California winery.
Rose Lake Capital, a venture capital firm registered in Delaware and described online as focused on mergers and acquisitions around the world, is now reportedly defunct. A February Freedom of Information request filed by the National Legal and Policy Center with the Securities and Exchange Commission concluded that "no responsive records exist" for Rose Lake Capital, meaning the SEC had no filings on file for a firm that was, on paper, worth millions.
The winery has fared no better. A 2024 Minnesota Reformer report said eStCru faced fraud allegations and lawsuits from investors, with former employees claiming they had not been paid. The winery's subsequent collapse only deepened the questions about how these ventures were valued so highly in the first place.
Yet a 2025 email between Mynett and his accountant, cited by the Wall Street Journal, claimed Rose Lake was valued at $7.9 million and eStCru at $1.5 million. Tax documents reported by the same newspaper indicated Mynett owns roughly a third of both businesses. Omar's 2023 financial disclosures reported spousal income of $201 to $1,000 from eStCru and $15,001 to $50,000 from Rose Lake Capital.
The numbers do not add up. If Mynett's one-third stakes in companies valued at a combined $9.4 million were real, the couple's assets would far exceed $95,000. If those valuations were fiction, then someone inflated them, and the question becomes why.
Omar's office has offered a simple explanation: the accountant got it wrong. A Washington, D.C., law firm representing Omar sent a letter to the Office of Congressional Conduct stating:
"As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants... While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred."
Omar spokeswoman Jacklyn Rogers told the Wall Street Journal, as Breitbart reported, that "the amended disclosure confirms what we've said all along: The congresswoman is not a millionaire."
That talking point has done little to quiet the critics. When a Lindell TV reporter approached Omar on Wednesday, the congresswoman responded: "I think you're s***** for asking me anything. I don't want to tell you jack s***. How about that?" The exchange, which has drawn widespread attention, did nothing to clarify the underlying financial questions.
Fox News reported that Omar also declined to answer its questions about the discrepancies, while House Republicans and the House Oversight Committee have continued pressing for records and raising the possibility of a formal investigation.
The financial contradictions extend beyond congressional paperwork. Mynett's former wife, Beth Jordan, described herself in divorce papers as the "primary breadwinner" in their relationship, claiming she helped Mynett set up his political consulting business after they had been together since 2006. Court filings stated that Jordan "made very substantial monetary contributions to the acquisition, preservation and appreciation in value of the Parties' estate."
When Mynett began dating Omar in 2019, the court papers tell a different story about his finances. Jordan's filings accused him of threatening "not to pay for his share of their joint financial responsibilities, conveniently asserting after their separation that he is nearly broke, and his business is floundering."
That portrait of a man claiming poverty sits uneasily next to the millions that later appeared on congressional disclosures. And it is not just the divorce that raises questions.
Mynett's business partner, Will Hailer, who was included in most of Mynett's companies, partnered with him in a deal with a group of South Dakota marijuana farmers that eventually led to a lawsuit. That suit was settled for $1.2 million, which was paid, according to a source. A former business partner involved in the litigation told the New York Post he was "shocked" at the settlement funding, given earlier claims of financial hardship.
The network of associates and ventures surrounding Mynett has drawn increasing scrutiny from lawmakers and outside groups alike.
That former partner raised a pointed question:
"I would love to know what happened to the whole deal, and why assets were inflated on the disclosures. Maybe they were trying to make his companies look good to potential investors."
He told the Post he is willing to testify before a House investigation if subpoenaed.
House Oversight Committee Chair James Comer said Omar could face felony charges "if she is found to have lied about the cash." The Oversight Committee's probe into the unexplained business valuation surge has added institutional weight to what began as a watchdog complaint.
Rep. Tom Emmer, a fellow Minnesota Republican, offered a blunter assessment. He told Fox News Digital: "Ilhan Omar is even more clueless than I thought if she thinks this financial disclosure revision clears her of suspicion."
The National Legal and Policy Center, a Virginia-based conservative watchdog, first alerted the Office of Congressional Conduct about Omar's "misleading disclosures" last year. Its counsel, Paul Kamenar, is now pressing for a deeper look. As the Washington Free Beacon reported, Kamenar called Omar's explanation "laughable."
Kamenar told the Post:
"Her tax returns should be examined as well as a full audit conducted."
He added that he hopes the House Committee on Ethics will now take up a formal investigation.
Consider the timeline. Omar's spousal income reports showed $100,000 to $1 million in 2020 and 2021, years when Mynett's consulting firm was winding down and his new ventures were just getting started. By 2023, reported spousal income from those ventures had dropped to modest levels. Then in 2024, the same businesses appeared on disclosures at valuations reaching $30 million. Now, after an amended filing, they are worth nothing.
Omar earns a congressional salary of $174,000. Her amended disclosure shows joint assets under $95,000 and debt up to $100,000. The Washington Times noted that the discrepancy was tied to Mynett's winery and venture capital firm, which were initially valued in the millions but later listed as having no net value once liabilities were included.
Lawyers for Omar and Mynett have said: "Any disputes with these parties have been settled with cases dismissed with prejudice (can not be brought again)." That may close old lawsuits. It does not answer the open questions about why businesses were valued at tens of millions of dollars on federal disclosure forms, then reduced to zero, or where the money from those ventures actually went.
The $30 million swing in reported wealth is not the kind of mistake that gets fixed with a shrug and a blame-the-accountant letter. It is the kind that invites subpoenas.
Members of Congress file financial disclosures so the public can see whether their personal interests conflict with their public duties. When those forms are off by $30 million, the system only works if someone asks the hard questions, and someone else is required to answer them.
