“It’s all about the benjamins.”
To recap the incredible adventures of Rep. Ilhan Omar, she allegedly cheated on her husband (this is not her brother, but her actual husband, I know it’s confusing because at one point she also seems to have married her brother) with her campaign guy (causing her dying father to disavow her), married the white campaign guy who seemingly converted to Islam.
Now that you’re caught up, her new husband, the white campaign guy, the Free Beacon reports, has a pretty good racket going on.
Omar reported in her latest financial disclosure that she and her husband, former political consultant Tim Mynett, accumulated a net worth at the end of 2024 ranging from at least $6 million to $30 million. Their wealth is derived almost entirely from the value of Mynett’s ownership stake in his two companies that, together, were worth no more than $51,000 at the end of 2023.
Omar has her husband to thank for catapulting her to multimillionaire status in 2024. Mynett’s California-based winery eStCru LLC and venture capital firm Rose Lake Capital both achieved remarkable financial turnarounds in 2024. At the end of 2023, Mynett’s combined stake in both companies was worth no more than $51,000, the firms had less than $700 across all their bank accounts, and Mynett and his business partner, former DNC adviser Will Hailer, were saddled with lawsuits from investors claiming they defrauded them out of millions of dollars.
But by the end of 2024, Mynett’s combined stake in the two firms ballooned to anywhere between $6 and $30 million, and he and Hailer settled the lawsuits with cash settlements, the Washington Free Beacon has learned.
Going from thousands to millions is a hell of an ‘investment’. But there’s an obvious irony about a prominent Muslim congresswoman cashing in on a winery.
Mynett and Hailer formed Rose Lake Capital in 2022. It claims on its website to have $60 billion in assets under management and boasts an “extensive global network” and expertise at structuring “legislation.” The firm’s advisory board includes two former Barack Obama ambassadors, Max Baucus and J. Adam Ereli, as well as former Amalgamated Bank CEO Keith Mestrich.
The claim that a company connected to a congresswoman can structure legislation is “interesting”. Prison cell interesting. So the claim suddenly ‘disappeared’. Much like Omar’s brother.
As Peter Schweitzer notes, one of the players here was a former Qatari lobbyist.
Everything about this raises red flags.
Mynett’s stake in his California winery, eStCru LLC, was worth no more than $50,000 at the end of 2023, Omar disclosed. The winery had just $650 in its bank account in February 2024, according to court documents obtained by the Minnesota Reformer, and was facing a lawsuit from Washington, D.C., businessman Naeem Mohd alleging Mynett and Hailer failed to pay up after promising to triple his $300,000 investment in the winery in just 18 months.
You can’t promise someone to double or triple their investment unless you’re engaged in criminal fraud, insider trading or something that will land you in a jail cell.
Rep. Ilhan Omar led a very charmed life with some very risky behavior, but at some point the bill comes due.