# Pakistani man wanted after $2 flat-rate fake stamps cost USPS $126 million

> Pakistani man charged with selling counterfeit USPS stamps for $2 each, costing postal service $126 million.
- Title: Pakistani man wanted after $2 flat-rate fake stamps cost USPS…
- Summary: Pakistani man charged with selling counterfeit USPS stamps for $2 each, costing postal service $126 million. Pakistani man Faheem Akram was arrested for…
- Keywords: faheem akram, labelsbank.com, pakistan, usps, counterfeit postage, fake shipping labels, usps lost $126 million, startups, business, Pakistani, man, wanted
- Source: Startup Fortune — https://startupfortune.com/pakistani-man-wanted-after-2-flat-rate-fake-stamps-cost-usps-126-million
- Published: 2026-10-21T18:54:16+00:00
- Read time: 1 min
- Topics: faheem akram, labelsbank.com, pakistan, usps, counterfeit postage, fake shipping labels, usps lost $126 million, startups, business
## Pakistani man charged with fake stamps
Faheem Akram, 33, from Khanewal in Pakistan's Punjab province, was arrested by Pakistan's National Cyber Crime Investigation Agency in Lahore.
## LabelsBank.com sold fake stamps for $2
LabelsBank.com charged customers $2 for shipping labels regardless of package weight, destination, or shipping cost.
## USPS lost $126 million from fake stamps
The US Postal Service lost over $126 million after LabelsBank.com sold more than 5.1 million counterfeit postage labels to 5,200 buyers.
## Federal indictment for fraud
Federal prosecutors charged Akram with conspiracy to defraud the US, five counts of making counterfeit postage labels, and four counts of wire fraud.
## Wire fraud carries 20-year sentence
Each wire fraud count could lead to up to 20 years in prison if Akram is convicted on all charges.
## USPS lost $126 million from fake stamps
The US Postal Service lost over $126 million after LabelsBank.com sold more than 5.1 million counterfeit postage labels to 5,200 buyers.
## Key takeaway

Pakistani man Faheem Akram was arrested for selling fake USPS shipping labels at $2 each, costing the postal service $126 million.