US Offers Rs.2.8 Crore Reward for Information About Pakistani Man Wanted in $126 Million Scam
The U.S. Postal Inspection Service has announced a reward of up to $100,000 for information leading to the arrest and conviction of Faheem Akram, a Pakistani national accused of running a major counterfeit postage operation.
Akram, 33, of Khanewal, Pakistan, is accused of operating LabelsBank.com, a website that allegedly sold millions of fake U.S. Postal Service shipping labels.
Authorities have already seized and shut down the website.
Accused of Selling More Than 5 Million Fake Labels
According to U.S. authorities, more than 5,200 customers allegedly used the platform to purchase over 5.1 million counterfeit shipping labels.
The fake labels were reportedly sold at fixed prices, often around $2 each, regardless of a package’s weight, size, or destination.
Prosecutors say the alleged operation caused more than $126 million in losses to USPS through unpaid postage and lost revenue.
$100,000 Reward for Information
The U.S. Postal Inspection Service is now offering up to $100,000 for information that leads to Akram’s arrest and conviction.
Anyone with information about his whereabouts has been asked to contact Postal Inspectors at 1-877-876-2455 and say “Law Enforcement.”
Authorities have also warned the public not to attempt to apprehend him themselves.
Federal Charges
Akram faces charges including conspiracy to defraud the United States, making and selling counterfeit postage labels, and wire fraud.
The allegations have not yet been proven in court, and Akram is presumed innocent unless convicted.
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