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Massive Scandal ROCKS Democrats — Hakeem Jeffries Blindsided

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0:00

Welcome back to Explain America. This is

0:02

your host Kyle Becker.

0:04

How do you lose tens of billions of

0:06

dollars on paper?

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Not in the stock market, not in a bad

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investment, just gone.

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Explain the ways an accounting error.

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Well, that's exactly what's raising

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eyebrows right now in Washington D.C.

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One set of financial disclosures

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suggesting a sitting member of Congress

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had access to millions of dollars and

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then months later a revised filing

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paints a completely different picture.

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One that shrinks that number down to

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tens of thousands of dollars, something

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most Americans would recognize. So, what

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happened? And maybe more importantly,

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how does something like this even happen

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in the first place?

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Before we get into the story, please

0:49

like, share, and comment at Explain

0:50

America. Join us. We appreciate your

0:53

support for common sense journalism.

0:55

Now, of course, you already recognize

0:56

this story. We're talking about Ilhan

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Omar, the Minnesota congresswoman who

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has been implicated in the Somali fraud

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scandal, among other controversies, and

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she has ruffled some feathers with her

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financial disclosures because they were

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recently amended in a way that

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dramatically changes her reported net

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worth. While earlier filings suggested

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that Omar's household assets were

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largely tied to her husband's business

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interests, and of course, these ranged

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from roughly $6 million

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to as high as $30 million. Now, that's a

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but it still places someone firmly in

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millionaire territory. Now, according to

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updated documents, that number has been

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revised down drastically

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somewhere between about $18,000 and

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$95,000.

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And that's not a small correction.

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That's a complete reversal. And Omar's

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team, uh they say the discrepancy comes

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down to an accounting issue,

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specifically a failure to properly

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account for liabilities tied to those

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business assets. So, in simple terms,

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assets were listed, but debts weren't

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fully factored in, making the overall

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net worth appear much higher than

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actually was. So, her representative

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says she relied on professionals to

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provide accurate figures, and this kind

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of reliance is common among members of

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Congress. Well, that's disturbing.

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And still, the timeline is what's

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drawing attention.

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And the original filings stood for

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months without any correction, and

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public statements were made defending

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them. And then the correction, it only

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came after scrutiny and outside pressure

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raised questions about the numbers.

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And that sequence has led critics to

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question not just the error itself, but

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how it was handled.

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And adding to

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another layer of all of this, House

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Democratic Leader Hakeem Jeffries has

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weighed in on this, and his dismissal of

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it should seem like a familiar refrain.

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Hi, Leader Jeffries. Good to see you.

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Just curious to hear your thoughts on

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Ilhan Omar's financial disclosure. Does

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all of the scrutiny around that concern

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you at all, and does that warrant a

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you know, an official House Ethics

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investigation? Uh that issue has not

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been brought to my attention, but we do

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know that Ilhan Omar, who works hard on

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behalf of the people that she represents

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in Minnesota, is constantly under attack

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by right-wing conspiracy theorists.

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Well, what about the her like net worth

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going from 30 million to now under

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100,000? Do you believe that's truly an

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accounting error as she alluded to? Uh

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that's not an issue that I'm familiar

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with.

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What about her winery that she is now

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dissolving from her financial

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disclosure?

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>> working to stop this reckless war of

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choice in the Middle East, get the

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economy back on track, you know, win

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this gerrymandering war that Donald

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Trump started that we're going to

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finish. It's not an issue that I've been

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locked in on today. Hakeem Jeffries,

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he's dismissed all of this by calling it

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a quote right-wing conspiracy unquote.

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Well, that's very lazy. We've heard this

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a million times, and it turns out the

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conspiracy was actually true. And the

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Democrats, they are up to shenanigans,

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and this is a line they trot out

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whenever they get busted. Uh it's very

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sad. It's just kind of like a little kid

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who just keeps, you know, it wasn't me,

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it was my sister. It's it's basically

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the same thing with this right-wing

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conspiracy language.

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And this response highlights the larger

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dynamic at play because it isn't about

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spreadsheets on Quicken or disclosure

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forms. It's about credibility. And

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financial disclosures exist for a

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reason, to give the public a clear view

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of potential conflicts of interest and

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to ensure transparency from elected

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officials like Ilhan Omar. God save us

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all because she has been grilled about

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her activities in Minnesota for a long

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time, including her relationship with

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several members of the business

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community in the Somali-dominated

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district where she hails, and a lot of

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it looks very sleazy.

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Congresswoman Omar, the last time I

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spoke to you, you said that I was stupid

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for asking you about your financial

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disclosure, but there's some

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discrepancies on there. Would you like

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to explain that? How did you make such

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big mistakes on there?

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>> Absolutely, you're stupid for asking me

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anything. I am? Yes. Well, what about

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the American people who are wondering

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how you made such a big mistake?

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>> to the American people. What's the

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explanation?

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>> I have given them the explanation. Do

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you want to tell our viewers cuz they're

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I don't want to tell you jack Oh,

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how about that? Okay. Have a good day.

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Thank you, Congresswoman.

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And of course, the Feeding Our Future

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scandal that broke in Minnesota has

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implicated some actors who have

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contributed to Omar's campaign.

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This is unsurprising.

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It all functions like a giant racket.

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And now that they're busted, they can

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only really name-call and accuse their

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opponents of engaging in conspiracy

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theories. So, this is very desperate and

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weak, and this is not acceptable from

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our members of Congress, but of course,

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that's up for voters to decide in the

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midterm elections. And it seems like

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Hakeem Jeffries, he is all aboard

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covering up the

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eyebrow-raising discrepancies

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in the finances of members of Congress,

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and that's what they do. They roll

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together as if they were mafioso in some

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kind of movie. They're just

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they got each other's backs.

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And that's going to be a big problem if

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it turns out that Omar's finances had

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something worse than accounting errors.

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So, we'll have to stay tuned for that,

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but weigh in with your thoughts about

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this story. What do you think about

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Ilhan Omar and Hakeem Jeffries?

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We always appreciate hearing from you at

6:46

Explain America.

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    Massive Scandal ROCKS… - Full Transcript | YouTubeTranscript.dev