From Seattletimes · · 50s
Pakistani authorities arrest man accused in $126 million US postage fraud scheme
Pakistani officials arrest suspect in $126 million US postage fraud scheme.
In brief
Pakistani officials arrest suspect in $126 million US postage fraud scheme. Pakistani authorities arrested Faheem Akram, 33, accused of running a counterfeit postage website that allegedly cost the US Postal Service over $126 million. Originally reported by Seattletimes.
Pakistani authorities arrest suspect
Pakistani officials arrested Faheem Akram, 33, accused of running a counterfeit postage website that cost the US Postal Service over $126 million.
Counterfeit website operations
Akram operated LabelsBank.com from August 2023 through September 2026, selling 5.1 million counterfeit labels to 5,200 customers.
Financial impact and scale
The scheme cost the US Postal Service over $126 million in lost revenue and shipping costs, using 16 bank accounts across family members.
Legal status and next steps
Akram faces potential extradition to the US or trial in Pakistan; no response from US attorney's office on Wednesday.
The bottom line
Pakistani authorities arrested Faheem Akram, 33, accused of running a counterfeit postage website that allegedly cost the US Postal Service over $126 million.
