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Postmaster general Louis DeJoy is under fire over a new CNN report that shows he holds stock options in Amazon, an apparent conflict of interest.
Federal law prohibits employees of the executive branch from holding a financial interest in a company that could have an impact on their government duties. Amazon is a significant customer of the USPS, with some analysts estimating the e-commerce giant uses the post office for around 40 percent of its shipping.
DeJoy held between $100,000 and $250,000 worth of stock in Amazon when he joined the ***** administration, CNN reported, citing financial disclosures. DeJoy divested the shares on June 24th but on the same day bought between $50,000 and $100,000 of Amazon stock options, which give him…