Meanwhile, amid the rising fraud allegations, a pair of companies owned by Tim Mynett, the husband of U.S. Rep. Ilhan Omar (D-Minn.), saw their reported valuations rise sharply in recent years, increasing more than twentyfold in less than a year, according to congressional financial disclosures. The growth has prompted questions about how the companies achieved such rapid gains.
Financial filings related to Omar’s assets indicate a significant increase in the reported value of Mynett’s business holdings since 2020, Fox News reported.
Omar listed the value of Rose Lake Capital at between $5 million and $25 million in 2024. In her 2023 disclosure, she reported the company’s value in the lowest category, between $1 and $1,000. Congressional disclosure forms require lawmakers to report assets in broad ranges rather than precise figures, but even under the most conservative assumptions, the reported valuation reflects a dramatic year-over-year increase.Continue reading…
