But his financial disclosures could indicate a possible conflict of interest. The form said he held between $100,000 and $250,000 in Amazon stocks as of mid-June, as well as stock options to purchase 100 shares in the company, which would allow him to buy shares of the company at just $1,960 a share. Very well-explained and fairly balanced. Ultimate Sports Inc (USPS) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. "But his purchase of [Amazon] stock options after his appointment is inexcusable. DeJoy was a generous conservative political donor and fundraiser, giving more than $2 million to Trump and various Republican causes in the past couple election cycles. Thank you for the detailed analysis, Alex. Claims that Postmaster General Louis DeJoy has more than $70 million invested in competitors to the Postal Service have gone viral on social media the past few weeks. msn back to msn home news powered by Microsoft News The options expire in October this year. USPS head Louis DeJoy reportedly owns millions of stock in mail processor, raising concerns among some ethics experts. Shaub, however, said what he sees as a conflict “absolutely” rises to the level worthy of an investigation. Based on those documents it’s not possible to say precisely how much either she or her husband had invested in USPS contractors or competitors when the disclosure was filed. Taken together, the postmaster general has made changes that threaten voters while he is under this cloud of a potential ethics violation.”, Like us on Facebook to see similar stories, Two-dose vaccines will make it harder to inoculate US, Mississippi Model Remembered as an 'Angel' After Allegedly Being Run Over By Father of Her Child, USPS workers say agency isn't doing enough to protect them from COVID-19. The potential for conflict of interests are obvious and jump off the page.”, In a statement to ABC News about the XPO holdings and other ethics concerns, DeJoy denied any wrongdoing, saying “I take my ethical obligations seriously, and I have done what is necessary to ensure that I am and will remain in compliance with those obligations.". Iran's scientist tied to Iran's nuclear weapons program killed; Benjamin Hall reports. The Dispatch Fact Check requested a copy through the Postal Service’s Ethics Office, and found that DeJoy has not divested from the bulk of his XPO Logistics assets. These numbers were accurate as of Wos’ filing on October 24, 2019, so they don’t inform us of how much Wos and DeJoy have invested in postal service contractors or competitors now. “It’s deeply concerning that he has retained a fairly large portfolio that includes up to $30 million in postal service contractor XPO,” said Walter Shaub, the former director of the U.S. Office of Government Ethics under President Obama and a top government ethics expert. Video: USPS workers say agency isn't doing enough to protect them from COVID-19 (ABC 7 Chicago), Hundreds of Syrians exit Lebanese town over tensions, Iran's foreign minister hints at Israel playing role in scientist's death, Oakland mayor to make immunization more accessible as California vaccination rates drop, Nearly 7 million households at risk of eviction when moratoriums expire on Dec. 31, President Trump pushes baseless voter fraud claims as more of his campaign lawsuits fail, President-elect Biden urges Americans to stay safe over holidays, Andrea Woroch: How to avoid Black Friday traps, Trump to hold rally for Georgia Senators Perdue and Loeffler to energize Republicans, Control of Senate hangs on 2 Georgia runoffs, College basketball returns as pandemic rages across the nation, Mnuchin plans to move $455B in coronavirus relief out of Biden's reach, President Trump and President-elect Biden to throw their weight behind Georgia Senate candidates, Mogherini: 'The to-do list is very long on the world stage', Iran nuclear scientist assassinated outside of Tehran, Iran Nuclear Scientist Assassinated in Shootout, President Trump says he'll leave White House if the Electoral College votes for Biden, "Postmaster General Louis DeJoy's investments in [post office] competitors were already deeply problematic," Warren said in a tweet Thursday. DeJoy himself was required by law to submit a financial disclosure of his own within 30 days of his appointment, which started on June 15. But the issue resurfaced, along with some calls for an investigation, this week after CNN reported that DeJoy still holds at least $30 million in stock in XPO Logistics, a contractor company that processes mail for USPS. “That particular contractor is a supply chain logistics company that is directly involved in the postal services processing of mail. Postal Service ® offers refunds and exchanges for stamp-related merchandise and stamped stationery when the products you receive are damaged or otherwise unusable due to mishandling or other circumstances outside of your control. Her filing showed XPO Logistics assets held by Wos and DeJoy that included between $250,000 and $500,000 in vested restricted stock units and between $30,000,002 and $75,000,000 in other assets (presumably shares in the company), adding up to a grand total of between $30,250,002 and $75,500,000 in XPO assets.

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