(CNN) Postmaster General Louis DeJoy continues to hold a multimillion-dollar stake in his former company XPO Logistics, a United States Postal Service contractor, likely creating a major conflict of interest, according to newly obtained financial disclosures and ethics experts. According to federal records, when he became postmaster general, DeJoy still owned a large equity stake in XPO, totaling between $30 million and $75 million. Federal records also show that DeJoy owned between $265,000 and $550,000 in UPS stock, but divested them after becoming postmaster general in June. Amazon tradesDeJoy's trades in Amazon shares are also facing scrutiny. According to his financial disclosures, DeJoy owned between $100,000 and $250,000 in Amazon stock when he joined the administration.

Source: CNN August 12, 2020 22:30 UTC