While Minnesota grapples with a staggering $9 billion fraud crisis, the companies of Rep. Ilhan Omar's (D-MN) husband are raking in valuations that defy belief.
Two ventures owned by Tim Mynett, spouse of the Minnesota Democrat, have ballooned in worth recently, with Rose Lake Capital LLC jumping from a measly $1-$1,000 in 2023 to $5 million-$25 million in 2024, and ESTCRU LLC climbing from $15,000-$50,000 to $1 million-$5 million in the same span, per congressional disclosures.
For hardworking Minnesota taxpayers, this raises red flags about potential windfalls tied to a state drowning in government program abuse, with losses that could burden families with higher taxes or slashed services. From a conservative standpoint, every dime of that $9 billion fraud loss demands scrutiny, and no one—not even a congresswoman’s spouse—should escape a thorough investigation. We’re talking real financial exposure for everyday folks already stretched thin.
Let’s rewind to 2022, when Mynett co-founded Rose Lake Capital LLC, a firm focused on deal-making, mergers, and political consulting, according to its own website.
Just one year later, in 2023, its value was a humble $1 to $1,000, but by 2024, disclosures show it soared to a jaw-dropping range of $5 million to $25 million. Even at the lowest estimate, that’s a multiplication of wealth that could make Wall Street blush.
Interestingly, the company once boasted a roster of heavy hitters like former Sen. Max Baucus and ex-ambassador Adam Ereli on its site, but those names have since vanished—why the sudden secrecy?
Then there’s ESTCRU LLC, Mynett’s winery based in Santa Rosa, California, which popped up on Omar’s disclosures back in 2020.
Valued at $15,000 to $50,000 in 2023, it somehow shot up to $1 million to $5 million by 2024, despite a non-working online store, a dead phone line, and social media silence since early 2023. Something smells off, and it’s not the vintage.
From a populist perspective, when small business owners in Minnesota can barely keep the lights on, this kind of unexplained growth begs for answers—especially with public funds hemorrhaging in the state.
Meanwhile, Minnesota is reeling from investigations into government program abuse that could tally losses over $9 billion—a scandal of epic proportions.
Public pressure is mounting on Omar to clarify if there’s any connection between her husband’s sudden wealth and the state’s fraud schemes. Conservatives aren’t buying the silence; full transparency is the only way to rebuild trust.
Omar’s office, predictably, dodged requests for comment on the companies’ growth or the scrubbed website details, leaving more questions than answers.
On a related note, Omar has defended past policies like the 2020 MEALS Act, stating she has "absolutely" no regrets because "it did help feed kids."
While feeding children is a noble goal, conservatives argue that good intentions don’t excuse oversight failures when billions vanish into thin air. With Mynett’s firms thriving amid this chaos, the optics couldn’t be worse for Omar’s progressive priorities.
