Pakistani authorities arrested Faheem Akram, who allegedly caused $126m in losses to the US Postal Service by selling counterfeit shipping labels online.
01Summary
- 01Faheem Akram, 33, from Khanewal, Pakistan, was arrested by Pakistan's cybercrime agency for running a counterfeit postage operation since 2023.
- 02The US Postal Inspection Service offered a reward of up to $100,000 for information leading to his arrest.
- 03Akram allegedly sold more than 5 million counterfeit shipping labels at $2 each through LabelsBank.com.
- 04Over 5,200 US customers purchased more than 5.1 million fake labels, causing $126m in losses.
- 05He faces charges including conspiracy, making and selling counterfeit postage, and wire fraud, with potential penalties of up to 20 years per wire fraud count.
02Why it matters
This case highlights the scale of online fraud targeting US postal services and the international cooperation required to bring suspects to justice, affecting taxpayers and legitimate businesses.
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