‘She Is Responsible’: CPA Explains Why Ilhan Omar’s Excuse For Sudden Shift In Wealth Won’t Fly

A certified public accountant told Fox Business host David Asman Monday that Democratic Minnesota Rep. Ilhan Omar’s claims about her accountant’s error in preparing her financial disclosure forms are very implausible.

Omar’s 2025 financial disclosure to Congress initially claimed a net worth of between $6 million and $30 million, figures much higher than previous disclosures. The left-wing Democrat from Minnesota filed an amended version that claimed a net worth of only $95,000 after being questioned by the Office of Congressional Compliance, the Wall Street Journal reported. Dan Geltrude, who founded Geltrude & Company in 1995, told Asman that ultimately Omar was “responsible” for what was 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.”

Omar told the OCC that the higher figures came about from a mistake by her accountant and included documentation regarding the partial ownership of a winery and a “venture-capital management” firm by her now-husband, according to the WSJ. Geltrude dismissed the possibility of an accountant making a mistake of the magnitude Omar asserted had taken place.

“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.”

During the Biden administration, the Justice Department probed how Omar’s wealth jumped since she entered Congress, particularly due to income received by her husband, a lobbyist with whom she reportedly had an extramarital affair in 2019. Omar also faced a complaint to the Federal Election Commission alleging she used campaign funds to pursue the fling with the lobbyist, whom she later married.

“A lot of people are wondering if its possible that her husband’s company’s initial valuation did note include liabilities, so he was scored on unrealized gains, which is exactly what Democrats like her are going after for billionaires, right?” Asman asked Geltrude, who responded, “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 personal life has been the subject of speculation, including rumors she married her brother to enable him to enter the United States.