● Covered by 1 source · 1 reportMedium impact1 positive
US Postal Inspectors Shut Down Website Selling Counterfeit Postage Labels
Key points
- LabelsBank.com sold over 5 million counterfeit USPS labels.
- The scheme resulted in over $126 million in losses for USPS.
- Faheem Akram, a Pakistani national, was charged.
- The website domain has been seized and shut down.
Website Seized and Operator Charged
The U.S. Postal Inspection Service, in collaboration with other federal agencies, has seized the internet domain LabelsBank.com. This action follows the charging of Faheem Akram, a 33-year-old Pakistani national from Khanewal, Pakistan, for allegedly operating the website.
Court records indicate that LabelsBank.com was not authorized to sell USPS products and services. The site reportedly sold more than 5 million counterfeit U.S. Postal Service postage labels, leading to over $126 million in revenue losses for the USPS.
Counterfeit Label Scheme Details
LabelsBank.com allegedly sold counterfeit USPS postage at a fixed rate, typically $2 per label, irrespective of the package's weight, size, or destination. This allowed customers to ship packages at significantly discounted prices, bypassing legitimate USPS charges.
Postal inspectors from the Miami Division identified over 5,000 customers who used LabelsBank.com to purchase more than 5.1 million counterfeit shipping labels.
Legal Actions Taken
Faheem Akram faces multiple charges, including 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. An indictment was issued, leading to a court order authorizing the domain seizure and shutdown of LabelsBank.com.
Impact and Enforcement
U.S. Attorney Jason A. Reding Quiñones for the Southern District of Florida stated that the alleged scheme was massive, involving over 5.1 million counterfeit labels and more than $126 million in losses. Miami Division Postal Inspector in Charge Bladismir Rojo emphasized the agency's global reach in pursuing those who defraud the Postal Service and target U.S. consumers with phony postage.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
The U.S. Postal Inspection Service and federal agencies seized LabelsBank.com, a website that allegedly sold over 5 million counterfeit USPS postage labels, causing more than $126 million in losses. A Pakistani national, Faheem Akram, has been charged with operating the site, which sold labels at a fixed rate, allowing customers to ship packages at discounted prices.