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Pakistan Arrests Faheem Akram in USPS Counterfeit Label Scheme

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Story summary
  • Pakistan's National Cyber Crime Investigation Agency arrested Faheem Akram for operating a counterfeit postage scheme.
  • A U.S. federal grand jury in Florida indicted Akram on conspiracy and wire-fraud charges.
  • His LabelsBank.com sold over 5.1 million fake labels to more than 5,200 buyers, costing USPS $126 million.
  • Investigators found Akram used 16 personal and family bank accounts; extradition to the U.S. remains uncertain.