Thursday, January 1, 2026 - Minnesota Congresswoman Ilhan Omar has come under intense scrutiny after her assets appeared to skyrocket from only $1,000 to almost $30 million in just one year.
Two companies, both owned by her husband and listed on
Omar's most recent financial disclosure form, appear to have experienced
significant growth in value between 2023 and last year.
Rose Lake Capital LLC was valued between $5 million and $25
million in 2024, according to the document, filed in May.
The venture capital management firm is headquartered in
Washington, DC. Omar lists the asset as 'partnership income' on her form
and claimed she doesn't receive any income from Rose Lake.
However, in her 2023 report, released in May 2024, Rose Lake
Capital is valued at between $1 and $1,000.
In the same report, the Somali-born socialist stated that
another company, ESTCRU LLC, was worth between $15,001 and $50,000.
The firm is a winery in Santa Rosa, California. Its value is
now listed between $1 million and $5 million, according to Omar's recent
disclosure.
In response to the significant increase, the National Legal
and Policy Center, a conservative nonprofit that monitors the ethics of liberal
public officials, has confirmed it is 'certainly looking' at the progressive
Congresswoman.
Peter Flaherty, chairman of the organization, confirmed to
the New York Post that the center is investigating Omar's
assets.
Rose Lake's website says it has worked with five
diplomats in more than 80 countries to structure deals, mergers, and
acquisitions.
'From distressed assets to buying publicly traded companies
– our team has the prowess to execute the right opportunities,' the company's
description reads.
'At Rose Lake we tap into our extensive global network to
create strategic partnerships to maximize the strength of the businesses we
partner with.'
Rose Lake's LinkedIn page also appears to have
been removed amid reports of Omar's wealth gains.
The company's website stripped team members' names and bios.
The webpage now only displays a brief summary of Rose Lake's work.
Previous versions of the website listed several high-profile
employees, including Adam Ereli, a former ambassador to Bahrain, former Senator
Max Baucus, and former officials with the Democratic National Committee, as
first reported by Fox News.
Estcru wines also has an eye-catching digital footprint. A
link to purchase the wines appears to have been blocked and the company's
Instagram page only has 2,000 followers. Their last post was in January
2023.
Despite the company's lack of following, its asset value
jumped from a maximum worth of $50,000 to $5 million in one year, according to
Omar's financial disclosure forms.
Omar's finances are drastically different from what she
reported in 2018, 2019, and 2020.
In 2018, Omar didn't disclose any assets or unearned income.
The following year, she listed a tax-deferred target retirement fund.
ESTCRU LLC first appeared on her financial disclosure forms
in 2021, while Rose Lake Capital was first disclosed the following year.
The new backlash over Omar's disclosure forms comes as the
state she represents is engulfed in a $9 billion fraud scandal.
Minnesota's Republican led House Oversight Committee has
launched a corruption investigation into social service programs.
Assistant US Attorney Joseph Thompson alleged that 14
Medicaid programs spent $18 billion in seven years.
The state's attorney's office charged 92
defendants, many of whom are of Somali descent, with fraud-related
crimes.
What we see in Minnesota is not a handful of bad actors
committing crimes. It’s a staggering industrial-scale fraud,' Thompson said at
a news conference in mid-December.
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