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US-Pakistan postage fraud investigation
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2026-10-21 18:47 UTC → 2026-10-21 23:28 UTC ·
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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.
Versions
- 2026-10-21 23:28 UTC US-Pakistan postage fraud investigation
- 2026-10-21 18:47 UTC US-Pakistan postage fraud investigation
- 2026-10-21 00:14 UTC US-Pakistan postage fraud investigation
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