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Pakistani man indicted in $126 million counterfeit U.S. postage scheme, feds say

nbcmiami.com · 6h · first reportShare

A Pakistani man has been indicted for operating a counterfeit U.S. postage label scheme that caused over $126 million in losses to the U.S. Postal Service, federal prosecutors said. Faheem Akram, 33, of Khanewal, Pakistan, is charged with one count of conspiracy to defraud the United States and to make and sell counterfeit postage stamps, five counts of making and selling counterfeit postage stamp labels, and four counts of wire fraud, the U.S. Attorney’s Office for the Southern District of Florida said Monday. The indictment is a result of an investigation by the U.S. Postal Inspection Service Miami Division. Investigators said Akram operated LabelsBank.com, which allegedly sold counterfeit U.S. postage at a fixed rate, typically $2 per label, regardless of weight, size or destination. The website wasn’t authorized to sell USPS products but allegedly sold more than five million counterfeit labels to over 5,200 customers that allowed the customers to ship packages at rates far below le