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Stock impact report

‘Not a millionaire': Ilhan Omar blames accounting error as reported net worth plunges from up to $30M to as low as $18K [Yahoo! Finance]

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: Yahoo! Finance
values the Minnesota Democrat's household assets at between $18,004 and $95,000 — a dramatic drop from an earlier filing that listed assets of up to $30 million (1). "The amended disclosure confirms what we've said all along: The congresswoman is not a millionaire," spokesperson Jacklyn Rogers told the Journal, adding that the filing was corrected voluntarily once the discrepancy was spotted. In a letter to the Office of Congressional Conduct, Omar's attorney attributed the original numbers to an unintentional accounting error and argued that members of Congress and their spouses routinely rely on professional accountants. Amended disclosures aren't unusual — the Journal noted, for example, that numerous House and Senate members have failed to properly disclose stock trades. Omar's amendment comes at a time of intense public and political scrutiny, though. The corrected filing lists two of Mynett's businesses, previously valued in the millions, as having no net value. Neither the Show less Read more
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