Ilhan Omar's Winery Folds Days After Net Worth 'Correction'
Nine days after Rep. Ilhan Omar erased $30 million from her financial disclosure, her husband's winery filed for termination, prompting lawmakers to question the accuracy of her congressional financial reporting.
Nine days after Rep. Ilhan Omar amended her financial disclosure to erase $30 million in reported assets, her husband's winery filed for termination with the state of California. The timing has lawmakers questioning whether a member of Congress can be trusted to report her finances accurately.
Omar filed her amended 2024 disclosure on March 26, slashing her reported net worth from a range of $6 million to $30 million down to $18,004 to $95,000. On April 4, eStCru LLC, the California winery owned by her husband Tim Mynett and business partner Will Hailer, filed for termination with the California Secretary of State. Omar blames an "accounting error." Lawmakers are not convinced.
The Minnesota Democrat's original 2024 financial disclosure, filed in May 2025, valued eStCru at $1 million to $5 million and Rose Lake Capital, Mynett's venture capital firm, at $5 million to $25 million. The amended filing reduced both businesses to zero net value once liabilities were factored in.
Omar's spokesperson Jacklyn Rogers stated, "The amended disclosure confirms what we've said all along: The congresswoman is not a millionaire." Omar's attorney wrote to the Office of Congressional Conduct: "While the error is of course unfortunate, there is nothing untoward and nothing illegal has occurred."
The explanation faces scrutiny given Rose Lake Capital's website claims. The firm's website boasted $60 billion in assets under management but has no SEC filings. Hailer testified under oath in Delaware bankruptcy court on Nov. 26, 2024 that Rose Lake had "no" assets under management and "zero" financial investments with its own capital.
"We haven't made financial investments with our own capital, so the answer would be zero," Hailer stated under oath when asked about the firm's investments. He described his largest deal as "less than $10 million." A former SEC enforcement official told the NY Post: "Sounds like some guy who wants to start an investment company that never goes anywhere."
The financial swings raise serious questions. In 2023, Omar reported eStCru at $15,000 to $50,000 and Rose Lake at $1 to $1,000, a combined total under $51,000. By the end of 2024, the same businesses were worth $6 million to $30 million, a 3,500 percent increase in one year. Then in March 2026, the amended filing reduced them to zero.
Mynett and Hailer faced multiple lawsuits from investors while reporting near-empty bank accounts. Naeem Mohd invested $300,000 in eStCru with a promised 200 percent return in 18 months and sued for $780,000 when the investment failed. Mohd's attorney Faisal Gill confirmed the case settled and "the amount was paid."
A South Dakota cannabis lawsuit was settled for $1.2 million. An unnamed former business partner told the NY Post he was "shocked" the couple could pay $1.2 million after "pleading poverty in earlier court filings." Court documents show Rose Lake Capital had just $42.44 in its bank account, though sources conflict on the year with the NY Post reporting late 2022 and the Washington Free Beacon citing February 2024. eStCru had $650 in February 2024.
House Oversight Committee Chair James Comer raised the felony question on "Hannity" on April 21. "Who makes a multimillion-dollar mistake on their financial disclosure form?" Comer asked. "Either her accountant went to one of those 'Quality Learning Centers' in Minnesota, or she lied about it. If she lied about it, that's a felony."
Comer sent a letter to Mynett on Feb. 6, 2026 demanding financial records and SEC filings. The Biden DOJ launched an investigation into Omar's finances and "interactions with a foreign citizen" in June 2024. The National Legal and Policy Center filed an ethics complaint with the Office of Congressional Conduct and the Justice Department's Criminal Division, demanding Omar's tax returns and a full audit.
NLPC Chairman Peter Flaherty stated, "The information in Omar's financial disclosures, and her public statements about her finances, are simply implausible. There needs to be a real investigation." NLPC Counsel Paul Kamenar added, "Her tax returns should be examined as well as a full audit conducted."
When asked by a Lindell TV reporter on April 21 about the discrepancies, Omar responded, "I think you're stupid for asking me anything. I don't want to tell you jack s–t. How about that?" She also sidestepped questions from a Fox News Digital reporter.
The Office of Congressional Conduct requested additional information earlier in 2026. No public outcome has been reported. The amended disclosure does not explain the winery's dissolution nine days later or the venture capital firm's $60 billion claim.
Former Senator Max Baucus, a former Rose Lake Capital adviser, described the arrangement as "fishy." Hailer testified under oath that eStCru was "in the process of being shut down" months before the official termination filing. The pattern of inflated valuations and sudden "errors" demands accountability from federal ethics investigators.