A CPA Just Told Fox Business That Ilhan Omar Is in Big Trouble for Massive Disclosure Mistake

Ilhan Omar filed a financial disclosure claiming a net worth between $6 million and $30 million.

Then she filed an amended version claiming $95,000.

Now a certified public accountant is explaining exactly what that swing actually means for her.

Dan Geltrude Dismantles Ilhan Omar Accounting Error Excuse on Fox Business

Dan Geltrude founded Geltrude & Company in 1995 and has spent three decades preparing financial disclosure documents.

He went on Fox Business Monday with host David Asman and said what every accountant already knows.

"Let's call this for what it is," Geltrude said. "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."

Then he went straight at Omar's excuse.

"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 Office of Congressional Compliance that her accountant made a mistake – that the higher figures came from the partial ownership of a winery and a venture-capital management firm belonging to her husband.

Geltrude dismissed that explanation immediately.

"The accountant did not make these numbers up," he said. "These numbers were provided in some form for the accountant to prepare the forms."

He gave Omar exactly two possible explanations, and neither one is good.

"Either she misled in some way, or she simply didn't review the forms. Either way, there is no excuse here, David. None."

The Ilhan Omar Winery Investigation and the Hypocrisy Nobody Is Talking About

This is not the first time federal investigators have looked at how Omar's finances changed after she entered Congress.

During the Biden administration, the Justice Department opened a probe into the jump in Omar's wealth, specifically tied to income flowing through her husband, Tim Mynett.

Mynett was a lobbyist.

He was also the man Omar reportedly had an extramarital affair with in 2019 while she was still married to Ahmed Hirsi.

She later married Mynett.

The Federal Election Commission also received a complaint alleging Omar used campaign funds to pursue that relationship – meaning donor money potentially funded an affair with a man whose companies now appear to be at the center of this disclosure mess.

Now here is the part that should make every conservative's head explode.

Asman asked Geltrude whether the valuation error could have come from excluding liabilities on the husband's company stake – inflating the asset value by counting only what the business is worth without subtracting what it owes.

Geltrude said it's possible.

"But that would result by them not giving their information to the accountant to put on the form," he said. "Either way, David, she is responsible."

That accounting move – counting assets without netting out liabilities, inflating a paper valuation – is exactly what Ilhan Omar and her fellow Socialist Democrats have spent years demanding the IRS apply to billionaires through unrealized gains taxes.

Tax the rich on what their wealth looks like on paper, they said.

Omar's husband's companies may have been valued on paper at tens of millions – and when that figure showed up on her disclosure form, she signed it without blinking.

Now she says it was a mistake.

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What James Comer and the House Oversight Committee Are Watching

When you sign a congressional financial disclosure form, you are not handing off responsibility to the person who prepared it.

You are certifying, personally, under legal obligation, that the information is true, complete, and accurate to the best of your knowledge.

Omar signed a form claiming she was worth up to $30 million.

She now claims she had no idea that was wrong.

Geltrude's point is airtight: a swing from $95,000 to $30 million is not a rounding error, not a data entry mistake, and not something a sitting member of Congress fails to notice when she signs her name to a federal document.

House Oversight Committee Chairman James Comer sent a letter to Mynett in February raising concerns about the sudden valuation jump – noting that the two companies went from a combined value of as much as $51,000 in 2023 to as much as $30 million in 2024 – and requesting financial records.

Comer told Fox News this week he has "felony questions" about the disclosure.

The Justice Department looked at Omar's finances once and went nowhere with it.

That was under Biden.

The question conservatives who watched Democrats lecture them about billionaires paying their fair share are asking right now is simple: will the woman who wants to tax your unrealized gains be held to the same standard she demanded for everyone else?

Sources:

• Harold Hutchison, "'She Is Responsible': CPA Explains Why Ilhan Omar's Excuse For Sudden Shift In Wealth Won't Fly," Daily Caller, April 21, 2026.
• Theo Francis and Jimmy Vielkind, "Ilhan Omar Filed a Disclosure Showing Her Net Worth as High as $30 Million. Then She Amended It," The Wall Street Journal, April 2026.
• "Rep. Ilhan Omar's Finances Under DOJ Scrutiny," Fox News, 2021.
• Andrew Kerr, "FEC Complaint Against Ilhan Omar Alleges Campaign Funds Used for Extramarital Affair," Washington Examiner, 2019.
• C. Douglas Golden, "Top House Republican Warns Ilhan Omar That Her Financial Disclosure Revision Won't Save Her," Western Journal, April 22, 2026.