Minnesota Congresswoman Ilhan Omar is under growing public scrutiny following recent financial disclosures that show a dramatic increase in the reported value of assets linked to companies owned by her husband.
US lawmaker Ilhan Omar has come under intense spotlight after her latest financial disclosure appeared to show her reported assets rising from about $1,000 to nearly $30 million within a single year.
The disclosure, filed in May, lists two companies connected to Omar’s husband whose estimated values increased significantly between 2023 and 2024.
One of the companies, Rose Lake Capital LLC, a venture capital management firm headquartered in Washington, DC, was valued in Omar’s 2024 disclosure at between $5 million and $25 million.
However, in her previous filing covering 2023, the same company was listed with an estimated value of between $1 and $1,000.
Omar listed the asset as “partnership income” and stated in her disclosure that she does not receive income from Rose Lake Capital.
According to the firm’s website, Rose Lake Capital has worked with diplomats across more than 80 countries, focusing on deal structuring, mergers, acquisitions, and distressed assets.
Another company, ESTCRU LLC, a winery based in Santa Rosa, California, also showed a notable rise in value.
In Omar’s 2023 disclosure, the winery was valued at between $15,001 and $50,000. In her most recent filing, its estimated worth jumped to between $1 million and $5 million.
This increase occurred despite the brand having a relatively modest digital presence, with limited social media activity and its last known Instagram post dating back to January 2023.
Following the disclosures, the National Legal and Policy Center, a conservative nonprofit that monitors ethics issues involving public officials, confirmed it is reviewing the filings.
The group’s chairman, Peter Flaherty, said the organisation is “certainly looking” into Omar’s reported assets, according to comments made to US media.
Amid the scrutiny, Rose Lake Capital’s LinkedIn page appears to have been removed, while its website has reportedly stripped detailed staff biographies.
Earlier versions of the site listed several high-profile figures, including former diplomats and political operatives, as previously reported by US outlets.
The renewed attention on Omar’s finances comes at a time when Minnesota is grappling with a multi-billion-dollar fraud investigation involving social service programs.
The Republican-led Minnesota House Oversight Committee has launched a probe into alleged misuse of public funds, while federal prosecutors have charged dozens of defendants in connection with Medicaid-related fraud cases.
Assistant US Attorney Joseph Thompson described the situation as “industrial-scale fraud” during a December press briefing, noting that investigations are ongoing.
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