Pakistan arrests man US prosecutors accuse in $126 million postage fraud

The short version

• Pakistani authorities arrested Faheem Akram, 33, after a weekslong search and raids, according to a senior cybercrime official.[ABC News]
• U.S. prosecutors allege Akram ran LabelsBank.com, which sold over 5.1 million counterfeit postage labels to more than 5,200 customers.[ABC News]
• The alleged losses to the Postal Service exceed $126 million, a figure that does not represent the site's sales.[ABC News]
• It remains unclear whether Akram will be tried in Pakistan or extradited to the United States.[ABC News]

Key facts

• Pakistani authorities arrested Faheem Akram, 33, after a weekslong search involving raids across several parts of the country.[ABC News]
• A U.S. Attorney's Office said a federal grand jury in the Southern District of Florida indicted Akram, a resident of Khanewal in eastern Punjab province.[ABC News]
• The U.S. Attorney's Office alleges Akram operated LabelsBank.com, which sold more than 5.1 million counterfeit postage labels to more than 5,200 customers.[ABC News]
• The labels typically cost $2 each, regardless of a package's weight, size or destination.[ABC News]
• The more-than-$126-million figure represents alleged losses to the Postal Service rather than the website's sales proceeds.[ABC News]
• According to Pakistani investigators, as stated by official Atif Ameer, the website operated from August 2023 through September 2026 using 16 bank accounts.[ABC News]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Pakistani authorities arrest man accused in $126 million US postage fraud schemeABC News - International · Wire: associated-press
• Pakistani authorities arrest man accused in $126 million US postage fraud schemeAssociated Press
• Pakistan arrests man hunted by US over $126m postage fraud caseBBC News - World