Nick Shirley Dives into Ilhan Omar's $30 Million "Accounting Error"

On Fox News's Big Weekend Show, Nick Shirley referred to Rep. Ilhan Omar as the "queen of fraud," stating, "I don't think I've ever put two extra zeros as an error when I file any report."

On March 26, 2026, Rep. Omar amended her 2024 financial disclosure, removing up to $30 million in previously reported assets attributed to her husband, Tim Mynett. Two of his companies, ESTCRU LLC and Rose Lake Capital LLC, were originally valued at a combined $6 million to $30 million but are now listed as having no value. As a result, the couple's total disclosed assets now range from $18,004 to $95,000, a significant decrease from the original filing.

Omar's office and her attorney’s called it an accounting error. A spokesperson told the Star Tribune the original valuations didn't account for the companies' liabilities and debts, and that Omar "is not a millionaire."

Here's the problem with that. On Omar's original filing, Rose Lake Capital was valued at $5 million to $25 million with no reported income. In the amended version, its value is listed as "None," yet partnership income increased to between $100,001 and $1,000,000. This shift implies that assets previously counted are now being reported as income, raising questions about the connection between asset removal and income reporting rather than a straightforward accounting error.

Both of Mynett's companies have faced scrutiny, and concerns persist regarding their operations.

ESTCRU, a winery, does not appear to be conducting active business operations. Its website purchasing portal is nonfunctional, its phone number is disconnected, and the listed Santa Rosa address is no longer associated with the company. Court records show the company had $650 in its bank account as of February 2024, despite being valued at up to $5 million in the original disclosure. Nine days after the amended disclosure was signed, Mynett's business partner, William R. Hailer, filed to dissolve the business with the California Secretary of State. Rose Lake Capital's website previously claimed to manage $60 billion in assets, but the firm is not registered with the SEC and does not publicly disclose its investors or funding sources. The website previously listed several bipartisan political figures, but these names were removed as congressional scrutiny increased.

Last Monday, Alison Steinberg asked Rep. Omar about these matters inside the U.S. Capitol. Omar responded, "I think you're stupid for asking me anything," and "I don't have to tell you jack shit!" She did not address questions regarding the filing, its timing, or the companies. Nick Shirley also visited Ilhan Omar’s office at the U.S. Capitol, so watch out for that video.

On February 5, House Oversight Committee Chairman James Comer sent Mynett a formal request for business records related to both companies. Comer stated that the sudden increase in value "raises concerns that unknown individuals may be investing to gain influence" with Rep. Omar. It is not publicly known whether Mynett has fully complied. The amendment to the disclosure was submitted after the House Office of Congressional Conduct contacted Omar. House Majority Whip Tom Emmer has called for an Ethics Committee investigation, and President Trump has also requested a full probe. Ethics Committee sources have indicated the panel has "a lot of questions."

Rep. Omar represents Minnesota, which is addressing the aftermath of nearly $9 billion in suspected social services fraud. The Oversight Committee investigating Mynett's companies also initiated a formal probe into California's hospice programs after Nick's 40-minute investigation identified $170 million in questionable claims.

What do you think about this? Should Congress subpoena the records and formally investigate Ilhan Omar? Reply to this email and let us know. Anti Fraud Club will be following this story closely and will bring you every update as the Ethics referral and the Oversight response develop.

We couldn’t do this without your support. Investigations, travel, and our team on the ground all exist because of you. We don’t take that for granted.

If you want to support our work, shop the Anti Fraud Taxpayer Club collection (& more). Every purchase directly fuels Nick Shirley’s future investigations.

If you’d like to support our mission for exposing fraud across the country, consider becoming a Founding Member today!

As a Founding Member, you’ll receive the core Anti Fraud Club articles, along with these benefits:

We truly appreciate your support and commitment to our mission.

Thank you.

Last week, Anti Fraud Club reported on Assembly Bill 2624, which Republicans are calling the 'Stop Nick Shirley Act.' Nick traveled to Sacramento, went to the state Capitol, and asked the bill’s authors to explain themselves, and the results were embarrassing.

Assemblymember Josh Lowenthal helped write the bill. When Shirley asked him about it, Lowenthal replied, "I need to read the bill." He supported legislation that could fine journalists $10,000 and send them to jail, but hadn’t read it. Assembly Speaker Robert Rivas said, "I don't know anything about it.” The Speaker of the California State Assembly says he knows nothing about one of the most discussed bills in his chamber. Assemblymember Sade Elhawary, another co-author, had what might have been the most awkward moment in the video. Watch is below for yourself.

Then there was Senator Scott Wiener. Instead of addressing the bill, Wiener called Shirley a "psycho scam artist" and ran away, which is typical for someone whose district has some major issues. Shirley's response on X hit nearly a million views: "You literally want to have less consequences for adults who commit sex crimes with 14-year-old girls. You are quite literally THE psycho." Ouch.

To recap, the bill was authored by Assemblymember Mia Bonta, whose husband is California Attorney General Rob Bonta. The attorney general is supposed to be prosecuting fraud. His wife is writing legislation that would make it harder to expose it. Republican Assemblymember Carl DeMaio put it this way: "It criminalizes citizen investigative journalists who take video and expose fraud. It's designed to keep secrets, to keep the public from knowing what's going on."

AB 2624 has cleared its first committee. You can watch Nick’s full Sacramento video on YouTube. If you live in California, look up your representative at findyourrep.legislature.ca.gov and share your opinion.

The Anti-Fraud Task Force, led by Vice President JD Vance, continues to make significant progress. In Los Angeles, the task force has suspended 447 hospices and 23 home health agencies, addressing over $600 million in suspected fraud. This figure has risen from 70 providers at the start of April, representing a 539% increase in two weeks.

The task force and the GSA have identified $6.3 billion in potentially fraudulent government contracts involving 392 businesses. Each business has 30 days to verify its physical address and legitimacy. The DOJ recently prosecuted $500 million in healthcare and COVID-related fraud in one day, including a Medi-Cal scheme responsible for $269 million in false claims.

CMS Administrator, Dr. Mehmet Oz announced that all states are required to submit plans within 30 days to revalidate their Medicaid providers. CMS is also introducing a hospice scoring system to identify potentially illegitimate facilities before they can bill taxpayers.

Minnesota remains a focal point. According to Vance, the task force has identified at least $19 billion in fraud within the state. The federal government has withheld $259.5 million in Medicaid funding until Minnesota addresses its oversight deficiencies. Colin McDonald has been sworn in as Assistant Attorney General for Fraud Enforcement and will report directly to Vance and the President.

David Hoch, who first identified Minnesota's fraud problem during the original daycare investigation and later testified before the Senate Judiciary Committee, offers valuable insight into the current situation. We recently conducted an in-depth interview with him for the inaugural release of On the Record, our exclusive interview series for Anti Fraud Club Founding Members.

If you haven’t already, become a Founding Member to gain access for the May 1st release.