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[SITUATION] · [ACTIVE] · [CRIME]
2 clusters · 19 sources · 23 days · First seen · Last updated
US-Pakistan postage fraud investigation
Overview
A federal indictment in the United States charged Faheem Akram, a 33-year-old Pakistani national, for allegedly operating LabelsBank.com. Prosecutors stated the website sold over 5.1 million counterfeit postage labels to more than 5,200 customers, allowing them to bypass legitimate shipping costs. The scheme is estimated to have caused over $126 million in losses to the U.S. Postal Service.
Following the indictment, Pakistani authorities, specifically the National Cyber Crime Investigation Agency (NCCIA), arrested Akram in Lahore. Investigations revealed the operation ran from August 2023 to September 2026 and involved 16 bank accounts belonging to Akram and several family members, including his wife, brother, sister, and aunt. Akram was indicted by a federal grand jury in Florida on charges including conspiracy to defraud the United States, wire fraud, and the sale of counterfeit postage. The labels were reportedly sold for a fixed price of approximately $2 each, regardless of weight, size, or destination. It remains uncertain whether Akram will be extradited to the United States to face trial.
Entities
LabelsBank.com · Faheem Akram · United States Postal Service · Lahore · National Cyber Crime Investigation Agency
Timeline
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[CRIME] 16 sourcesPakistan arrests man in $126 million US postage fraud scheme
Pakistani authorities arrested Faheem Akram for allegedly running a website that sold millions of fake US postage labels, causing over $126 million in losses to the USPS.
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[CRIME] 2 sourcesPakistani national charged in $126M U.S. postage fraud scheme
A Pakistani national faces 10 federal charges for allegedly operating a website that sold 5.1 million counterfeit postage labels, causing over $126 million in losses to the U.S. Postal Service.
Sources
arynews.tv · bhaskarlive.in · dagelijksestandaard.nl · diebewertung.de · freerepublic.com · independent.co.uk · makpress.mk · n1info.rs · netmag.pk · newsday.com · nieuws.nl · novini247.com · saferworld.org.uk · singtaousa.com · sofx.com · thechronicle.com.gh · theeyeofmedia.com · upday.com · wsvn.com
This summary has been updated 2 times: see revision history