Pakistan arrests man wanted by US over $126m postage fraud case

Pakistan's cybercrime agency has arrested a man accused of running a counterfeit operation that caused $126 million (£94m) in losses to the US Postal service. Faheem Akram is accused of having sold fake stamps via a fraudulent website in the US since 2023. He was indicted by a federal grand jury in Florida last month for selling more than five million counterfeit shipping labels to thousands of US customers over the years. Authorities have now shut down the website. Earlier this month, the US Postal Inspection Service offered a reward of up to $100,000 for information leading to his arrest. According to the US Attorney's Office for the Southern District of Florida, the 33-year-old from Khanewal, Pakistan, operated LabelsBank.com.