Omar Changes Story Again, Now Claims Husband Only Earned $200 Last Year

Minnesota Democratic Rep. Ilhan Omar is facing renewed scrutiny after her latest financial disclosure appeared to sharply conflict with previous reports about her household assets and her husband’s business interests.

Omar’s newest filing shows that her husband, venture capitalist Tim Mynett, earned as little as $200 last year, despite earlier financial reporting that listed assets worth as much as $30 million in 2024.

According to Omar’s most recent disclosure forms, Mynett reported no net income last year from his venture capital management company, Rose Lake Capital, and only $200 to $1,000 from his now-defunct California winery, eStCru.

Omar estimated the couple’s total assets at just $20,000 to $125,000 in 2025. She also reported combined credit card and student loan debt between $30,000 and $100,000.

The dramatic shift has raised new questions from watchdogs who have already challenged Omar’s financial reporting.

“She can’t keep her story straight,” said Paul Kamenar of the National Legal and Policy Center (NLPC), which filed a formal complaint last year regarding Omar’s financial disclosures.

“There needs to be a full audit to straighten this out,” he told the Washington Free Beacon, adding that Omar “could face criminal charges for filing false and misleading disclosure reports.”

Omar’s newly released report shows Mynett made no more than $1,000, and possibly as little as $200, from his two companies during all of 2025.

At first glance, the latest filing suggests Omar and Mynett are in an even weaker financial position than they appeared to be after Omar amended her 2024 disclosure in April.

In that amended filing, Omar reduced the value of her husband’s two companies from up to $30 million to $0, while also claiming that those allegedly worthless companies paid Mynett between $102,000 and $1 million in 2024.

The inconsistent financial picture has already drawn attention from the House Oversight Committee and sharp criticism from President Donald Trump, who called Omar “a fraud and a scam” during a May campaign speech at The Villages in Florida.

Omar’s office reportedly promoted the new 2025 disclosure, released Monday to the Free Beacon, as proof that she is not a millionaire.

But the filing, first reported by the New York Post, appears to contradict earlier accounts of the couple’s finances.

The latest issue centers on Omar’s valuation of Mynett’s venture capital firm Rose Lake Capital and his California winery, eStCru LLC.

In Omar’s newest disclosure, she claimed both firms were worth $0 to Mynett in 2025. That claim conflicts with a 2025 email obtained by the Wall Street Journal in April, which reportedly showed Mynett’s accountant valuing Rose Lake at $7.9 million and eStCru LLC at $1.5 million.

The Journal reported that Mynett owns roughly one-third of the firms.

When asked about the discrepancy, a spokesman for Omar’s office said Monday that Mynett’s accountants did not account for Rose Lake’s and eStCru’s liabilities when valuing the companies in the 2025 email.

Kamenar, who filed a complaint against Omar with congressional ethics authorities in February 2026 over what he described as the “sudden and inexplicable increase in … her personal wealth,” rejected that explanation as implausible.

He said it makes little sense to claim professional accountants valued two businesses without factoring in liabilities.

Kamenar also said his group is investigating another possible complaint against Omar.

Omar’s new explanation creates additional questions because her husband’s businesses have also been described in court proceedings as financially troubled.

In February 2024, Mynett’s longtime business partner Will Hailer alleged in court filings that Rose Lake Capital and eStCru were broke. Those filings were made public as part of litigation involving a South Dakota marijuana venture connected to Hailer and Mynett.

A group of investors sued Hailer in an effort to recover millions of dollars they had put into the marijuana venture, the Free Beacon reported.

Hailer claimed he could not return the funds because the Office of Foreign Assets Control, which administers trade sanctions against foreign terrorists and regimes that threaten U.S. national security, had frozen the money.

In February 2024 court filings, Hailer said Rose Lake Capital had only $42.44 in its bank account.

He later testified in November 2024 during bankruptcy proceedings involving Indian education technology company Byju that Rose Lake Capital had no assets or investments at the end of 2024.

Mynett’s accountants reportedly did not explain how Rose Lake Capital was later calculated to have $7.9 million in assets in the 2025 email reviewed by the Wall Street Journal.

The same questions surround eStCru LLC.

In February 2024 court filings, Hailer said the California winery, which produced wines with names including “Blockchain” and “Clothesline,” had just $650 in its bank account.

The winery stopped paying its winemaker in early 2023 and filed to dissolve its California business license in April of this year, citing COVID as the reason for its financial difficulties, according to Mynett and Hailer.

It remains unclear how Mynett’s accountant arrived at a $1.5 million asset valuation for eStCru LLC in the 2025 email.

For Omar, the latest disclosure adds another layer to a growing ethics and transparency problem.

A member of Congress who helps write laws and oversee federal policy is expected to provide clear and accurate financial information. When the same assets appear to swing from millions of dollars, to zero, to disputed valuations, voters deserve answers.

For conservatives, the Omar controversy also highlights a familiar double standard in Washington. Democrats routinely lecture Americans about corruption, inequality, and accountability, yet one of their most prominent progressive lawmakers is now facing serious questions about financial disclosures that appear anything but straightforward.

The central question remains simple: Were Omar’s previous filings accurate, is the new filing accurate, or has the public still not received the full story?