(The Center Square) – The House Oversight Committee is investigating the rapid rise in value of two companies owned by Rep. Ilhan Omar's husband, amid concerns over financial transparency and potential influence.
House Committee on Oversight and Government Reform Chairman James Comer, R-Ky., said Omar's husband, Timothy Mynett, has ownership stakes in two companies, eStCru LLC and Rose Lake Capital LLC. The reported value of those positions surged from $51,000 in 2023 to as much as $30 million in 2024.
"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," Comer wrote in a letter to Mynett. "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."
Omar, a 43-year-old Minnesota Democrat, is a Somalia-born Muslim. She is the first Somali American elected to Congress. She fled Somalia with her family when she was 8 years old. She became a U.S. citizen in 2000.
The Squad member has worked to thwart President Donald Trump's agenda, and the two have been sparring for years. Trump recently said both Congress and the U.S. Department of Justice are investigating Omar over the mushrooming value of the companies.
Typically, the House Ethics Committee handles allegations involving lawmakers and their family members.
Comer said that Mynett, in 2021, allegedly promised an investor a 200% return on a $300,000 investment in eStCru, plus interest, but did not repay the funds until sued for fraud in 2023. Comer also said that eStCru faced financial trouble in 2023. Rose Lake Capital, identified as a venture capital firm in Omar's 2024 financial disclosure, has also increased in value.
Omar previously said her husband's reported income from eStCru was between $5,000 and $15,000. She said he had no income from Rose Lake Capital.
In the letter, Comer demanded that Mynett turn over documents related to both companies, including financial statements and travel records.
Omar's office didn't immediately respond to late afternoon requests for comment from The Center Square on Friday.
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