Overview
- Chairman James Comer sent a Feb. 6 letter to Timothy Mynett seeking documents on eStCru LLC and Rose Lake Capital LLC, with a Feb. 19 deadline for responses.
- The committee requested audited financials, communications with the SEC and other federal agencies, and travel records to or from the United Arab Emirates, Somalia, or Kenya.
- Omar’s 2024 disclosure reported that the firms tied to Mynett rose from as much as $51,000 in 2023 to up to $30 million in 2024, with range-based reporting obscuring precise values.
- New reporting cites 2024 bankruptcy-court testimony from a Rose Lake partner describing the firm’s holdings as de minimis, intensifying questions about the stated valuations.
- Republicans say they are probing potential influence-buying and possible links to broader Minnesota fraud investigations, while Omar denies wrongdoing and no evidence of illegal conduct has been established.