USPS shuts down site that sold 5M counterfeit postage labels for $2 each
3 hours ago
- U.S. Postal Inspection Service seized a website and charged a Pakistani national for operating LabelsBank.com, which allegedly sold over 5.1 million counterfeit USPS postage labels, causing over $126 million in losses.
- Faheem Akram, 33, from Pakistan, is accused of selling counterfeit labels at a fixed $2 rate, regardless of package weight, size, or destination, without authorization.
- More than 5,000 customers used the site to buy counterfeit labels; a court order led to the domain seizure and website shutdown.
- Akram faces charges including conspiracy to defraud the U.S., making and selling counterfeit stamps, and wire fraud; he is presumed innocent until proven guilty.
- Officials emphasized that international fraud against the Postal Service will be pursued, with the investigation involving multiple federal agencies.