A Republican-led House investigation has been launched into Minnesota Democrat Ilhan Omar, following the revelation that her family's reported net worth exploded to as much as $30 million in a single year.
Scrutiny Over a Sudden Financial Windfall
The probe, initiated by the House Oversight Committee under Chairman James Comer, is examining how the 'Squad' lawmaker and her husband, Tim Mynett, rapidly amassed millions. This scrutiny coincides with a massive $9 billion social services fraud scandal unfolding in her home state of Minnesota.
Omar's 2024 financial disclosure form showed a dramatic shift. Her family's assets, previously negligible, were suddenly valued within a range that could reach $30 million. Republican investigators are now openly weighing subpoenas to determine if politically connected businesses tied to Omar's family warrant deeper examination.
'We're going to get answers, whether it's through the Ethics Committee or the Oversight Committee, one of the two,' Comer told the New York Post.
Business Valuations That 'Do Not Add Up'
The investigation is focusing on two companies linked to Omar's husband. A venture capital firm, Rose Lake Capital LLC, was listed in 2023 as being worth between $1 and $1,000. By 2024, Omar's disclosure placed its value between $5 million and $25 million.
Similarly, a California winery, ESTCRU LLC, saw its reported valuation jump from a maximum of $50,000 to as much as $5 million in the same period. Comer has stated the math simply does not add up, telling The Post, 'It's not possible. It's not.'
These figures are further complicated by court records showing Rose Lake Capital held just $42.44 in its bank account in late 2022. The firm's public footprint has also shifted; a website once listing prominent advisers has been altered, with former Senator Max Baucus confirming only limited contact.
Omar's Forceful Rejection and Broader Fraud Backdrop
Congresswoman Omar has vehemently denied any wrongdoing. In a recent Instagram video, she sarcastically dismissed questions about the $9 billion fraud scandal, asking a reporter, 'Do you just ask stupid questions?' She has never been charged or formally accused of a crime in relation to the fraud or her husband's wealth.
The House investigation unfolds against the backdrop of a federal probe into what prosecutors call an 'industrial-scale fraud' in Minnesota. Assistant US Attorney Joseph Thompson stated in December that investigators believe billions of dollars were siphoned from social service programs over nearly a decade.
While no criminal charges have been filed against Omar or Mynett, Republican investigators say their inquiry is ongoing and could expand to the House Ethics Committee. Omar has faced previous scrutiny over campaign finance and business ties involving Mynett, whom she married in 2020 after he advised her campaign.
