A certified public accountant said Rep. Ilhan Omar is ultimately on the hook for what goes on her congressional financial disclosures, brushing aside claims that a massive swing in reported net worth was just an accounting mistake.
The Minnesota Democrat’s 2025 disclosure initially listed her and her husband’s net worth in a range of roughly $6 million to $30 million, far higher than prior filings. After questions were raised, Omar submitted an amended disclosure showing assets in a range of roughly $18,004 to $95,000, The Wall Street Journal reported.
Dan Geltrude, a CPA who founded Geltrude & Company in 1995, said the signature at the bottom of those forms is not a formality.
“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.”
Ilhan Omar told the Office of Congressional Compliance that the higher figures were the result of an error by her accountant and provided documentation tied to her husband’s partial ownership interests, including a winery and a “venture-capital management” firm, according to the Journal.
Geltrude said it is difficult to square that explanation with a jump of that size, arguing the numbers would have had to come from information provided to the preparer.
“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 said. “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.”
Ilhan Omar’s multimillion-dollar financial disclosure revision is just the latest on a long list of her questionable actions.
She cannot escape accountability for long. pic.twitter.com/yAvydOmV0N
— Tom Emmer (@GOPMajorityWhip) April 21, 2026
During the segment, host David Asman raised another possibility, “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?” Geltrude 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 continued. “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 office has said she is not a millionaire and that the disclosure was corrected once the discrepancy was identified, according to prior reporting. Her attorney has also maintained the error was unintentional and said lawmakers commonly rely on accountants to prepare disclosures.
Republicans, including House Oversight Chairman James Comer, have argued the mismatch raises serious questions about whether the original filing was simply a mistake or something more, and they have pressed for more answers about how the numbers ended up so far apart.
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