Good day all. Earlier this year, Ilhan Omar filed her financial reports required by law. The report indicated that she was worth somewhere in the neighborhood of $30 million dollars. People looked at it and, considering all the fraud that’s been uncovered in Minnesota, went “Hmmm, that sound odd.”
Almost immediately, people started looking at where the money came from. This caused Omar to go off the deep end. Now she is claiming that she’s only worth around $100K. Here are the details from Fox News:
Rep. Ilhan Omar, D-Minn., said she is not a millionaire and blamed a major accounting error after a congressional financial disclosure listing her assets as high as $30 million drew scrutiny from Republicans and a congressional watchdog.
An amended filing reviewed by The Wall Street Journal shows Omar and her husband’s assets were between $18,004 and $95,000, a sharp drop from an earlier disclosure that estimated their holdings between $6 million and $30 million.
“The amended disclosure confirms what we’ve said all along: The congresswoman is not a millionaire,” Omar spokesperson Jacklyn Rogers told the Journal, adding that the filing was corrected “as soon as the discrepancy was identified.”
That isn’t a major accounting error, that is either massive incompetence or she is lying through her teeth. That isn’t a small mathematics mistake. Personally, I think I know which of the two possibilities is the probable one.
The revised disclosure came after the Office of Congressional Conduct requested additional information earlier this year, according to the Journal.
As I said, everyone was wondering about Omar’s finances.
Omar’s attorney said in a letter to the watchdog that the inaccurate filing was unintentional and stemmed from reliance on accountants.
“As the busiest of people, it is very common for members and their spouses to rely on learned professionals like accountants to make calculations and determinations that appear on public filings,” the attorney wrote, according to the Journal. “While the error is, of course, unfortunate, there is nothing untoward, and nothing illegal has occurred.”
Unless the account was a retard on meth, there is no way he or she could make that big an error. Accountants go through a certification and licensing process and a screw up like this would probably lead to a serious investigation of the competency of the accountant or the accounting firm. I would love to know if there were two firms handling these filings. The first one that reported up to $30 million and a second one that said “No, she’s basically broke.”
The amended filing shows Omar reported between $102,503 and $1,005,200 in income in 2024 from assets she and her husband own, according to the Journal. Documentation attached to the attorney’s letter showed $213,200 in distributions to her husband from his venture capital management firm and $3,000 from a winery.
I believe this was the winery that didn’t actually produce or sell wine. I have a recollection that one of the YouTube citizen reporters actually took a look at it. There are some stories that the winery may have been noting more than a shell company of some sort. I have not personally looked into any of this.
The updated disclosure also shows Omar has between $15,001 and $50,000 in student loan debt and a similar amount in credit card debt.
That is fairly easy to verify. Of course, why Omar is still carrying $50K in student loan debt is another question, considering what she takes from the Taxpayers in her congressional salary each year. Unfortunately, this rather dramatic decrease, somewhere on the order of 3000% has a lot of people asking some very pointed questions.
The discrepancy had already drawn scrutiny from House Republicans, who questioned how such a large swing in reported assets went unflagged.
In a February letter to Omar’s husband, House Oversight Committee Chairman James Comer, R-Ky., raised concerns about financial disclosures showing the value of two companies, eStCru LLC and Rose Lake Capital, surged from tens of thousands of dollars in 2023 to as much as $30 million in 2024.
I would be asking questions as well, especially with all the fraud in Minnesota and Omar’s own questionable past.
Comer said the sudden increase “raises concerns that unknown individuals may be investing to gain influence” and requested financial records tied to the businesses.
When this all came out, Omar and her minions promptly launched an attack claiming that this was just being used by the GOP for fundraising reasons.
A 2025 financial disclosure filing had previously listed Omar’s husband’s business interests in the millions, including a winery valued between $1 million and $5 million and a venture capital firm valued between $5 million and $25 million. Those valuations were later revised in the amended filing, with the businesses listed as having no net value once liabilities were factored in, according to the Journal.
I personally, find it hard to believe that Omar wouldn’t have caught a mistake of the magnitude she’s now claiming in her initial filing. The only way she could have missed it is not actually reading through the thing before she signed and submitted it. Oh yes, this is a government document and she would have had to sign it with all the usual things about perjury and whatnot.
I think the original report was probably the correct one and when things blew up, Omar and her husband, (Her current one, not her brother), had a classic “Oh Shit!” moment. Now she is desperately back tracking and trying to get out from under the mess she’s created. I hate to break it to you Ilhan, but it’s probably going to get a lot worse, not better. This is the kind of thing that can and does trigger an audit from the Internal Revenue Service.
They are going to come in and literally ransack your books, and they have access to your tax forms. If you paid taxes on the originally claimed amounts, you won’t be in trouble with the tax people. However, if you used the new numbers as what you paid and they don’t line up? Forget all the other problems you’re facing, they will Al Capone you. No matter what happens, it’s not going to end well for you.
Thatisall
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