Minnesota Democratic Rep. Ilhan Omar is changing her story — again.
Omar released an income report showing that her husband, venture capitalist Tim Mynett, earned as little as $200 last year, after previously reporting assets worth as much as $30 million in 2024.
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Omar’s most recent financial disclosure forms indicate that Mynett drew no net income last year from his venture capital management company, Rose Lake Capital, and $200 to $1,000 from his now-defunct California winery, eStCru.
Omar estimated their total assets to be a mere $20,000 to $125,000 in 2025, while she stated the couple’s combined credit card and student loan debt was between $30,000 and $100,000.
“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 about Omar’s financial reporting.
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“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 just-released financial disclosure report shows her third and current husband, Tim Mynett, made no more than $1,000 (and as little as $200) during all of 2025 from his two companies.
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At first glance, the latest disclosure reveals Omar and Mynett are even more broke than they were when she amended her 2024 financial disclosure in April.
In that amended filing, she chopped the value of her husband’s two companies from up to $30 million to $0, while also asserting the worthless companies paid him between $102,000 and $1 million in 2024.
Omar’s wildly varying statements of net worth have prompted an investigation from the House Oversight Committee and have been the subject of florid denunciations from President Donald Trump, who called Omar “a fraud and a scam” in a May stump speech at The Villages in Florida.
Her new 2025 financial disclosure released Monday to the Free Beacon was touted by Omar’s office as evidence that she is not a millionaire.
But the filing, first reported by the New York Post, directly contradicts earlier reports of her personal finances.
This time, the contradiction lies in Omar’s valuation of his husband’s venture capital firm Rose Lake Capital and his California winery eStCru LLC.
In Omar’s most recent disclosure, she said that both firms are worth $0 to her husband in 2025, a claim that conflicts with a 2025 email obtained by the Wall Street Journal in April that showed Mynett’s accountant valued Rose Lake at $7.9 million and eStCru LLC at $1.5 million.
Mynett owns about a third of the firms, the Journal said.
When asked to explain the discrepancy, a spokesman for Omar’s office said Monday that Mynett’s accountants did not take into account the liabilities of Rose Lake and eStCru when they valued the companies in that 2025 email.
Kamenaar of NLPC, who filed a complaint against Omar with congressional ethics authorities in February 2026, warning about the “sudden and inexplicable increase in … her personal wealth,” said it makes no sense that Omar would claim that her husband’s accountants made the amateur mistake of not accounting for business liabilities when calculating the value of two companies.
Kamenar said his group is investigating another complaint against Omar.
Omar’s new claim that her husband’s accountants only took into account the assets held by his two companies in 2025 when valuing the firms at a combined $9.4 million raises further questions.
In February 2024, Mynett’s longtime business partner Will Hailer alleged in court filings made public as part of a lawsuit against his and Mynett’s South Dakota marijuana venture that the two companies were broke.
A group of investors sued Hailer, looking to recover millions of dollars they had invested in the marijuana venture, the Free Beacon reported.
Hailer said he was unable to return the money 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 funds.
Hailer made the claim in February 2024 court filings as part of the marijuana lawsuit, during which Rose Lake Capital had a paltry $42.44 in its bank account.
He then testified in November 2024 during the bankruptcy proceedings of Indian educational technology company Byju that Rose Lake Capital had no assets or investments at the end of 2024.
Mynett’s accountants did not explain how they calculated Rose Lake Capital had $7.9 million in assets in the 2025 email reviewed by the Wall Street Journal.
In court filings in February 2024, Hailer also said eStCru LLC, the California winery that made 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 this year, citing COVID as the reason for business difficulties, Mynett and Hailer said.
It is unclear how Mynett’s accountant arrived at the $1.5 million in assets for eStCru LLC in the 2025 email.
This article may contain commentary which reflects the author’s opinion.
