Postmaster General Louis DeJoy may have broken federal conflict of interest laws by holding investments in a company with federal government contracts for COVID rapid test kits, according to a government watchdog’s analysis of the embattled Trump appointee’s financial disclosures.
The Project on Government Oversight (POGO) found in a report released last week that DeJoy owns roughly between $50,000 and $250,000 of stock in Abbott Laboratories, which produces the popular BinaxNow COVID testing kits. Earlier this year, federal officials awarded Abbott a $306 million contract for test kits as part of the government’s plan to send households free tests through the United States Postal Service (USPS). Abbott also recently won a contract modification for over $1 billion for test kits.
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