International

Pakistani Man Arrested for Running Counterfeit Postage Site Causing $126M USPS Losses

Hindustan Times50m
THE BRIEF
1

Pakistani authorities arrested 33-year-old Faheem Akram for allegedly running an unauthorized website that sold over 5.1 million counterfeit postage labels.

2

The illicit operation caused more than $126 million in losses to the US Postal Service, with labels sold to over 5,200 customers at $2 each.

3

Akram operated LabelsBank.com from August 2023 through September 2026 using 16 bank accounts held by himself and family members.