Pakistani authorities arrested Faheem Akram, 33, on Tuesday, 20 October, after a search of several weeks that involved raids in different parts of the country. Atif Ameer, a senior official at the National Cyber Crime Investigation Agency, told reporters about the arrest, and the agency said investigators had acted on intelligence. Akram is a resident of Khanewal in eastern Punjab province. The arrest came more than three weeks after the US Attorney's Office issued its statement on his indictment. Whether he will be extradited to the United States or face trial in Pakistan remains unclear.
A federal grand jury in the Southern District of Florida indicted Akram, according to a statement the U.S. Attorney's Office for the district issued on 28 September. Prosecutors allege that he ran LabelsBank.com, an unauthorized website that sold counterfeit postage labels to more than 5,200 customers. The office says those buyers obtained more than 5.1 million fake labels, which typically cost $2 whatever a parcel's weight, size or destination. The labels let customers ship packages far below legitimate postal rates. The office estimates alleged losses to the U.S. Postal Service of more than $126 million, and it stresses that this figure is a loss estimate rather than the site's sales revenue.
According to Ameer, Pakistani investigators found that the website operated from August 2023 through September 2026. Akram allegedly used 16 bank accounts for the business. Ameer said these included accounts held in the names of Akram, his brother, his wife, his sister and his aunt. The flat price meant that a letter and a heavy parcel cost the same to send, which is why the labels undercut the Postal Service's regular rates so sharply. The timeline below sets out the dates in the case so far.
The sources do not say whether Akram will be extradited to the United States or tried in Pakistan, and no timetable for that decision is given. They also do not state what charges, if any, he faces in Pakistan. The arrest took place in Pakistan while the indictment was filed in Florida, so the outcome of the extradition question will determine where the case is decided. The sources contain no statement from Akram or from a lawyer acting for him.
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Pakistani authorities arrested Faheem Akram, 33, on Tuesday, 20 October, after a weeks-long search. US prosecutors allege his website sold counterfeit postage labels and cost the US Postal Service more than $126 million.
AI text based on reports by AD.nl, NOS and Washington Post. Published .