Omar disclosed 2024 evaluations of Rose Lake Capital LLC, a business firm co-founded by her husband, at somewhere between $5 million and $25 million in 2024. Just one year before, in 2023, she reported that the same company’s value was between $1 and $1,000.
Congressional disclosures, categorized in ranges of value, don’t provide the precise details of how much a member’s holdings are worth. Even so, assuming the smallest possible change year over year, Rose Lake Capital’s evaluation has climbed thousands of times in just one year.
The company roster of employees included an impressive cast of figures like Adam Ereli — a lobbyist and former ambassador to Bahrain under the Obama administration. According to previous versions of the website accessible on an internet archive, the company also brought in former Sen. Max Baucus, D-Mont., and a pair of former associates from the Democratic National Committee (DNC): William Derrough, the former treasurer for the DNC, and Alex Hoffman, a previous chief of staff to the national finance chair.
Mynett, Omar’s third husband, co-founded the company in 2022.
With mounting public pressure on Omar surrounding multi-billion fraud schemes in Minnesota — and questions about whether the congresswoman could have benefited from them — the company has since stripped its website of all its team member names and bios. It’s unclear if any of them remain affiliated with the company.
COMER WARNS ‘WALLS ARE CAVING IN’ ON TIM WALZ AS MINNESOTA FRAUD PROBE WIDENS
Rep. Ilhan Omar, D-Minn., sits with her husband, Tim Mynett, during the first day of the Democratic National Convention at the United Center on Aug. 19, 2024, in Chicago, Illinois. (Alex Wong/Getty Images)
Omar’s office did not respond to a request for comment about the company’s growth or why it removed the names of its employees.
Similarly, ESTCRU LLC, a winery registered in Santa Rosa, California, that first appeared on Omar’s disclosure reports in 2020, reported a value between $1 million and $5 million in 2024. It was evaluated at just $15,000 to $50,000 the year before. Continue reading…
