Rep. Ilhan Omar (D-MN) got ripped to shreds by a certified public accountant over her attempts to explain how she suddenly became a millionaire, saying that her reasons are completely implausible. Members of Congress are required to provide financial disclosure forms on a yearly basis. When Omar submitted her disclosure for 2025, it claimed her net worth was between $6 million and $30 million.
These figures are much higher than previous disclosures. The Minnesota Democrat then filed an amended version that claimed her net worth was only $95,000 after she was questioned by the Office of Congressional Compliance (OCC). Dan Geltrude, the founder of Geltrude & Company, clarified that Omar was “responsible” for the information recorded on the form.
“Let’s call this for what it is: When a Congressperson has to file these financial disclosure forms, they are signing them and by signing them, what are they saying? They are true, complete and accurate to the best of their knowledge,” Geltrude said. “So are you telling me that she didn’t notice that her net worth went from 100,000 to 30 million?”
“Don’t blame the accountant. You can’t say you don’t know. Your signature on that form holds you legally accountable,” Geltrude continued. Omar reportedly told the OCC that the higher figures came from a mistake made by her accountant and included documentation concerning the partial ownership of a winery and a “venture-capital management” firm owned by her husband, according to the Daily Caller.
Geltrude waved off the possibility that the larger numbers came about as the result of such a huge mistake made by Omar’s accountant. “Well, no one I know, and I certainly didn’t. David, come on. The accountant did not make these numbers up. These numbers were provided in some form for the accountant to prepare the forms,” Geltrude went on to say.
“But again, I go back to she is responsible. So what it tells me is either she misled in some way, or she simply didn’t review the forms. Either way, there is no excuse here, David. None,” he added. When former President Joe Biden was in office, the Justice Department launched an investigation to find out how Omar’s wealth made such a significant leap after entering Congress.
The investigation paid special attention to the income Omar received from her husband, a lobbyist she allegedly had an extramarital affair with in 2019. The Minnesota Democrat also faced a complaint made to the Federal Election Commission alleging she used campaign funds to pursue the relationship with the lobbyist, whom she later married.
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“A lot of people are wondering if its possible that her husband’s company’s initial valuation did not include liabilities, so he was scored on unrealized gains, which is exactly what Democrats like her are going after for billionaires, right?” David Asman asked Geltrude, who replied, “Yeah, it’s kind of funny that that would happen.”
“But if you are asking is it possible that they excluded liabilities and unrealized gains, yes, it’s possible,” Geltrude explained. “But that would result by them not giving their information to the accountant to put on the form. So, either way, David, she is responsible.” Omar’s personal life has been the center of a lot of speculation, including persistent rumors she married her own brother so he could legally enter the U.S.
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