POLITICAL_FINANCE_NETWORK_ANALYSIS
├─ e_street_group_fec_payments $3.48M
├─ omar_campaign_share 83.9%
├─ disclosed_net_worth_2024 $6M - $30M
├─ actual_bank_balance_feb_2024 $706.49 (court docs)
├─ names_scrubbed_from_website 9 (Sept-Oct 2024)
├─ sec_registration NOT FOUND ($60B AUM claimed)
├─ lawsuits_settled 2 ($1.98M+ in claims)
└─ ppp_loan $134,800 (forgiven)
Political Finance Investigation
This investigation documents publicly-available corporate registrations, FEC filings, and property records. No illegal activity is alleged - the structure raises governance and ethics questions about campaign payments to a spouse's company and interconnected business structures.
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Executive Summary
E Street Group LLC is a DC-based political consulting firm that received $2.92 million from Rep. Ilhan Omar's campaign (Ilhan for Congress). The firm is owned by Tim Mynett, who married Omar in March 2020.
Rose Lake Capital LLC is a Delaware-registered investment firm sharing the same WeWork office address. One of E Street Group's partners (William Hailer) is also a principal at Rose Lake Capital, creating a direct link between the political consulting operation and the investment firm.
Rose Lake Capital's other principals include the former DNC Treasurer (William Derrough) and a former US Ambassador (Adam Ereli), suggesting the firm leverages Democratic political networks for investment opportunities.
Entity Connection Map
┌─────────────────────────────┐
│ ILHAN FOR CONGRESS │
│ (Campaign Committee) │
│ $2.92M payments ──────────┼──┐
└─────────────────────────────┘ │
│
▼
┌─────────────────────────────┐ ┌─────────────────────────────┐
│ E STREET GROUP LLC │◄────────│ TIM MYNETT │
│ DC File #L00006033509 │ │ (Omar's husband) │
│ 80 M St SE FL 1, DC │ │ Registered Agent │
│ Political Consulting │ └─────────────────────────────┘
└──────────────┬──────────────┘
│
│ WILLIAM HAILER
│ (Partner at BOTH)
│
▼
┌─────────────────────────────┐ ┌─────────────────────────────┐
│ ROSE LAKE CAPITAL LLC │◄────────│ ROSE LAKE HOLDINGS LLC │
│ DE File #6954979 │ │ DE File #6890594 │
│ 80 M St SE FL 1, DC │ │ (Parent Entity) │
│ Investment Firm │ └─────────────────────────────┘
└──────────────┬──────────────┘
│
┌──────────┴──────────┐
│ │
▼ ▼
┌───────────────┐ ┌───────────────┐
│ Wm. Derrough │ │ Adam Ereli │
│ DNC Treasurer │ │ Fmr Ambassador│
│ 2017-2021 │ │ to Bahrain │
└───────────────┘ └───────────────┘
E Street Group LLC - DC Registration
REGISTRATION DETAILS
File Number: L00006033509
Trade Name: ESTREET.CO
Formed: July 11, 2018
Status: Active
Entity Type: DC LLC
SAM.GOV REGISTRATION
UEI: HNRCX365LG34
DUNS: 927199831
CAGE Code: 8JBD9
NAICS: 541810 (Advertising)
SAM Status: Expired (March 2021)
FEC Operating Expenditures to E Street Group (2019-2024)
Data as of January 7, 2026. Marriage occurred March 2020; pre-2020 payments were to non-spouse.
| Committee | Committee Name | Payments | Total Amount | % of Total |
|---|---|---|---|---|
| C00680934 | Ilhan for CongressSPOUSE | 146 | $2.92M | 83.9% |
| C00605592 | Pramila for Congress | 24 | $194K | 5.6% |
| C00307314 | EB4C PAC | 27 | $138K | 4.0% |
| C00712968 | Royce West for Senate | 17 | $77K | 2.2% |
| C00719708 | MATH PAC (Andrew Yang) | 7 | $64K | 1.8% |
| C00717876 | Amanda Adkins for Congress | 15 | $50K | 1.4% |
| C00010603 | DNC Services Corp | 4 | $40K | 1.1% |
| Total | 240 | $3.48M | 100% | |
Source: FEC Bulk Data (oppexp 2020-2024 cycles). Data imported to SomaliScan database.
Campaign Finance Structure
79.5% of E Street Group's FEC-reported revenue came from a single client: Rep. Ilhan Omar's campaign committee. Tim Mynett, who owns/operates E Street Group, married Omar in March 2020.
$2.92M
From Omar Campaign
$134,800
PPP Loan (Forgiven)
Note: Campaign payments to a spouse's company are legal if disclosed and at market rate. This structure raises governance questions, not allegations of illegality.
Financial Disclosure vs. Court Documents
Omar's congressional financial disclosures show dramatic asset value increases that contradict bank balances revealed in February 2024 court filings from the Hailer fraud lawsuits.
| Entity | 2023 Disclosure | Court Docs (Feb 2024) | 2024 Disclosure | Change |
|---|---|---|---|---|
| Rose Lake Capital LLC | $1 - $1,000 | $42.44 | $5M - $25M | 5,000x to 25,000,000x |
| eStCru LLC (Winery) | $15,001 - $50,000 | $650 | $1M - $5M | ~100x |
| eSt Ventures LLC | Not listed | $0.05 | Not listed | N/A |
| Rose Lake Inc. | Not listed | $10 | Not listed | N/A |
Key Question: How do companies with a combined $706.49 in their bank accounts become worth $6-30 million within months?
Additionally, Omar reported $0 income from Rose Lake Capital in 2024 despite its $5-25M valuation, down from $15K-$50K income in 2023 when it was valued at just $1-$1,000.
Source: House Clerk Financial Disclosures (2023, 2024) and Dakota Natural Growers v. Hailer court filings.
SEC Registration Status
WEBSITE CLAIMS
$60B AUM
"Assets Under Management"
SEC IAPD DATABASE
NOT FOUND
No Form ADV, No CRD Number
Investment advisers managing over $100M are generally required to register with the SEC. Rose Lake Capital does not appear in the SEC's Investment Adviser Public Disclosure (IAPD) database. The firm may operate under an exemption, but the $60B AUM claim combined with no SEC registration raises questions.
Names Scrubbed from Website (Sept-Oct 2024)
Between September and October 2024, Rose Lake Capital removed all team member names and bios from its website. This occurred simultaneously with new arrests in Minnesota's $9 billion welfare fraud investigation.
| Name | Role | Status |
|---|---|---|
| Adam Ereli | Former US Ambassador to Bahrain (Obama admin) | REMOVED |
| Max Baucus | Former US Senator, Ambassador to China (Obama admin) | REMOVED |
| William Derrough | Former DNC Treasurer (2017-2021), Moelis & Co MD | REMOVED |
| Keith Mestrich | Former CEO, Amalgamated Bank | REMOVED |
| Alex Hoffman | DNC Finance Chair associate | REMOVED |
| Sheila Healy | Unknown role | REMOVED |
| Justin Pratt | Unknown role | REMOVED |
Note: None of these individuals have been charged with any crime. The timing of the removal coinciding with Minnesota fraud arrests may be coincidental. However, the scrubbing of a former DNC Treasurer, two Obama-era ambassadors, and a former bank CEO from a venture capital website is notable.
Key Individuals
Timothy M. Mynett
E Street Group Partner, Registered AgentHusband of Rep. Ilhan Omar (married March 2020)
Address: 4616 15th Street NW, Washington, DC 20011 (now ex-wife's)
Notes: Divorced Beth Jordan December 2019; affair alleged August 2019
William R. Hailer
Partner at BOTH E Street Group AND Rose Lake CapitalThe bridge between political consulting and investment
Address: 4508 34th St S, Arlington, VA (sold 2021)
Notes: Key link between the two entities
William Derrough
Rose Lake Capital PrincipalDNC Treasurer 2017-2021, Moelis & Company MD
Address: 399 Park Ave, New York, NY
Notes: $397,976 in FEC contributions
Adam Ereli
Rose Lake Capital PrincipalFormer US Ambassador to Bahrain (Obama admin)
Address: Washington, DC area
Notes: $13,200 in FEC contributions
Delaware Corporate Structure
| Entity | File # | Formed | Registered Agent | Status |
|---|---|---|---|---|
| Rose Lake Holdings LLC | 6890594 | 2022-06-30 | VCORP SERVICES, LLC | Good Standing |
| Rose Lake Capital LLC | 6954979 | 2022-08-05 | VCORP SERVICES, LLC | Good Standing |
| Rose Lake Inc. | 7246289 | 2023-01-19 | UNASSIGNED AGENT | Unknown |
Rose Lake Holdings (June 2022) was formed before Rose Lake Capital (August 2022), suggesting Holdings is the parent entity. Delaware LLCs do not require public disclosure of beneficial owners.
Hailer/Mynett Investment Entities
Related investment vehicles operated by William Hailer and/or Tim Mynett
| Entity | State | Type | Formed | Status | Bank Balance |
|---|---|---|---|---|---|
| eStCru LLC | CA | Winery | 2020-07-02 | Active | $650 (2023) |
| eSt Ventures LLC | NE | Venture Capital | 2020 | INACTIVE | $0.05 (Feb 2024) |
| Badlands Fund GP LLC | Unknown | Investment Fund | 2020 | Unknown | Unknown |
| Badlands Ventures LLC | Unknown | Investment Fund | 2020 | Unknown | Unknown |
| Born to Run GP LLC | Unknown | Investment Fund ($50M purported) | Unknown | Unknown | Unknown |
Bank balance data from lawsuit filings. eStCru reported $650 in 2023; eSt Ventures had $0.05 by Feb 2024.
Lawsuits & Settlements
Fraud allegations and civil litigation involving Hailer investment entities
Naeem Mohd v. eStCru
California • Filed Fall 2023
PLAINTIFF
Naeem Mohd (DC restaurant owner - La Vie, Provision No. 14)
DEFENDANTS
Will Hailer (Tim Mynett mentioned but not named)
ALLEGATION
Fraud - invested $300K with promise of 200% return in 18 months
AMOUNT SOUGHT
$780K
OUTCOME
Settled November 2024 (amount undisclosed)
Dakota Natural Growers v. Hailer
Hennepin County, MN • Filed December 2022
PLAINTIFF
Dakota Natural Growers, 605 Cannabis + 24 investors
DEFENDANTS
Will Hailer, eSt Ventures LLC, Badlands Fund GP LLC, Badlands Ventures LLC
ALLEGATION
Fraud - raised $3.54M, promised $7.5M additional investment
AMOUNT SOUGHT
$1.70M
OUTCOME
Settled $1.2M (August 2024) - Hailer signed confession of judgment
Note: These are civil allegations, not criminal charges. Both cases settled before trial. Settlements do not constitute admission of wrongdoing. Tim Mynett was mentioned but not named as defendant in the eStCru case.
eStCru LLC - Winery Investment
CALIFORNIA REGISTRATION
File Number: 202018810577
Formed: July 2, 2020
Status: Active
Agent: William R Hailer
BUSINESS DETAILS
Type: Boutique Wine Label
Winemaker: Erica Stancliff (stopped getting paid early 2023)
Bank Balance: $650 (per 2023 lawsuit filing)
Investor: Naeem Mohd ($300K)
Mohd was promised 200% return in 18 months per lawsuit filing. The investment was allegedly misrepresented.
Property Investigation Finding
4616 15TH ST NW, WASHINGTON DC
Current Owner: BETH A. JORDAN
Deed Date: July 21, 2020
Property Value: $941,350
Homestead: Yes (owner-occupied)
SIGNIFICANCE
This was Tim Mynett's registered address on E Street Group filings. Beth A. Jordan is his ex-wife (maiden name Jordan). The property was transferred to her in July 2020 - four months after Mynett married Omar. This was likely part of the divorce settlement.
Timeline
Inferences
1. THE HAILER CONNECTION
William Hailer is a partner at both E Street Group (political consulting) and Rose Lake Capital (investment). This creates a direct bridge between the political network and investment opportunities.
2. DEMOCRATIC ESTABLISHMENT VEHICLE
Rose Lake Capital's principals include a former DNC Treasurer and former Ambassador. Combined with E Street Group's progressive campaign work, this appears to be a Democratic donor/operative investment vehicle.
3. STRUCTURAL OPACITY
Delaware LLCs, WeWork addresses, and holding company structures provide limited public visibility. Neither Omar nor Mynett appear to own property in their names in DC or MN.
4. PATTERN OF FAILED INVESTMENTS
Two separate investor lawsuits (totaling $2.48M in claims) against Hailer-operated entities, both settling rather than going to trial. eStCru winery had $650 in the bank; eSt Ventures had $0.05. Promised returns of 200%+ allegedly not delivered. Tim Mynett was mentioned in the eStCru lawsuit but not named as defendant.
5. CAPITAL FLOW QUESTIONS
Between 2018-2024, E Street Group received $3.67M from Democratic campaigns (79% from Omar's). During this same period, Hailer was raising investor funds for eSt Ventures and eStCru. Both investment vehicles ended up nearly empty. The relationship between political consulting revenue and investment fund operations remains unclear.
6. THE $706 → $30M MYSTERY
Court documents from February 2024 show combined bank balances of $706.49 across all Mynett/Hailer entities. Yet Omar's May 2025 disclosure values these same entities at $6-30 million. No explanation is provided for how near-empty companies gained tens of millions in value. Additionally, she reports $0 income from Rose Lake Capital despite its $5-25M valuation.
7. COORDINATED WEBSITE SCRUBBING
Between September and October 2024, Rose Lake Capital removed 9 names from its website, including a former DNC Treasurer, two Obama ambassadors, and a former bank CEO. This occurred simultaneously with new arrests in Minnesota's $9 billion welfare fraud investigation. While no direct connection is established, the timing raises questions about why prominent Democratic operatives distanced themselves from the firm.
What Was NOT Found
- - No connection to Feeding Our Future fraud case
- - No Minnesota business registrations for E Street Group or Mynett
- - No Minnesota property under Omar or Mynett names (Hennepin County searched)
- - No evidence of illegal activity (spousal payments are legal if disclosed)
Data Sources
- House Clerk Financial Disclosures: Omar 2023 & 2024 annual reports
- SEC IAPD Database: Investment adviser search (Rose Lake Capital not found)
- DC CorpOnline: E Street Group LLC registration (File #L00006033509)
- Delaware Division of Corporations: Rose Lake entities
- California Secretary of State: eStCru LLC registration (File #202018810577)
- FEC Bulk Data (2020-2024): 310 operating expenditure records
- SAM.gov: E Street Group federal registration (UEI: HNRCX365LG34)
- DC OTR Property Database: 4616 15th St NW ownership records
- SBA PPP Data: E Street Group $134,800 loan (forgiven)
- Minnesota SOS: No related entities found
- Hennepin County GIS: No property under target names
- Hennepin County Court Records: Dakota Natural Growers v. Hailer court filings (bank balances)
- Rose Lake Capital Website: Current vs archived versions (names removed Sept-Oct 2024)
- News Sources: Fox News, Mediaite, Washingtonian, South Dakota Standard, Investigative Economics
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