DeJoy bought up to $305,000 in bonds from USPS board chair’s investment firm

Postmaster General Louis DeJoy purchased up to $305,000 in bonds from an investment firm whose managing partner also chairs the U.S. Postal Service’s governing board, the independent body responsible for evaluating DeJoy’s performance.

Between October and April, DeJoy purchased 11 bonds from Brookfield Asset Management each worth between $1,000 and $15,000, or $15,000 and $50,000, according to DeJoy’s financial disclosure paperwork. Ron Bloom, a Brookfield senior executive who manages the firm’s private equity division, has served on the postal board since 2019 and was elected its chairman in February.

DeJoy’s financial adviser purchased the bonds on the open market, Postal Service spokesman Jeffrey Adams said, and Bloom manages a division of Brookfield separate from the one that sells public securities.