The latest financial disclosure from Rep. Ilhan Omar (D-MN) is once again putting her under heavy scrutiny after she reported that her husband’s venture capital and wine interests are suddenly bringing in basically zero income. Omar’s husband, Tim Mynett, previously listed the value of his business holdings at up to $30 million according to earlier reporting.
However, now the infamous “Squad” member’s 2025 financial disclosure is telling a completely different story. According to the filing, Mynett made no income at all last year from Rose Lake Capital, his main business. It also lists $200 to $1,000 as income from eSTCru, his now shuttered California-based wine company that sold bottles of “The Devil’s Lie” before he filed to dissolve it in April 2026.
Omar also reported that the couple’s total assets are between $20,000 to $125,000 for 2025. The congresswoman’s disclosure listed between $30,000 and $100,000 in credit card and student-loan debt, which essentially means the couple is floating in deep red territory. The latest filing comes after a financial paper trail put Omar under the microscope after the couple reported a massive spike in wealth in 2024.
According to a report from Trending Politics News, the previous disclosure stated the couple’s assets as between $15 million and $30 million, which was a very sudden and major increase that led to questions about where all that additional money came from. At the same time, there was an investigation launched into Omar’s finances as a large fraud scandal involving members of the Somali community from her home state drew national attention.
The Minnesota Democrat later filed an amended 2024 disclosure in March, switching the value of Mynett’s ownership stakes in both businesses to zero. She said the whole thing was, conveniently, an “accounting error.” While the businesses were listed as essentially worthless in the amended filing, Rose Lake Capital still drew in between $100,000 to $1 million in income for 2024.
The wine company generated income between $2,500 and $5,000, according to the data contained in the amended disclosure. Republicans wasted no time jumping on the sudden shift in numbers, accusing the congresswoman of trying to avoid being held accountable. “Voters see right through the corrupt lies of Ilhan Omar,” Republican National Committee spokeswoman Delanie Bomar said about the situation.
“Omar has spent her entire career covering up Democrat-enabled fraud that cost taxpayers billions, so it’s no surprise that she would do the same for her husband,” she added. Mynett, 44, first established Rose Lake Capital in 2022 with his longtime business partner Will Hailer, who is widely known as a Democratic operative.
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The relationship between Omar and Mynett has also drawn attention due to his previous work with her 2018 political campaign through his former firm, eStreet Group. The two met while serving under Minnesota Attorney General Keith Ellison when he was running for reelection to Congress. Ellison later gave up his congressional seat in 2018, which made a path for Omar to make a run for it. When Omar’s office was contacted for comment, they neglected to respond.