Pakistani Man Scams US Govt of $126 Million With Fake Website
Meanwhile, a Pakistani man has been indicted in the United States for allegedly running a fake website that sold more than 5.1 million counterfeit US postage labels, causing over $126 million in losses to the US Postal Service (USPS).
Meanwhile, a Pakistani man has been indicted in the United States for allegedly running a fake website that sold more than 5.1 million counterfeit US postage labels, causing over $126 million in losses to the US Postal Service (USPS).
Article outline
- What happened
- The key numbers
- What comes next
- The bottom line
Key points
- More than 5, 200 individuals reportedly employed the website to purchase the counterfeit labels, resulting in more than $126 million in alleged losses for USPS.
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- The case is being investigated by the US Postal Inspection Service's Miami Division.
- FIA Arrests Man Over Fake Documents for US Student Visa.
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According to the US Department of Justice, 33-year-old Faheem Akram of Khanewal, Pakistan, operated LabelsBank.com, an unauthorized website that sold counterfeit USPS postage for around $2 per label. FIA Arrests Man Over Fake Documents for US Student Visa.
Meanwhile, the labels allegedly allowed customers to ship packages at rates far below legitimate USPS rates, regardless of the package's weight, size, or destination.
US authorities have seized the LabelsBank.com domain and shut down the website after a court order.
Akram faces one count of conspiracy to defraud the United States and to create and sell counterfeit postage stamps, five counts related to making and selling counterfeit postage labels, and four counts of wire fraud.
FIA Arrests Islamabad-Based Consultancy CEO for Alleged Rs. 1.6 Million UK Student Visa Scam.
If convicted, he faces up to five years in prison on the conspiracy and counterfeit postage charges and up to 20 years for each wire fraud count.
Notably, the case is being investigated by the US Postal Inspection Service's Miami Division. Federal prosecutors have stressed that the charges are allegations and that Akram will be presumed innocent unless proven guilty in court. Stay Connected with ProPakistani. Obtain the latest international news and global stories wherever you prefer. Follow on Google Discover.
Taken together, the developments around pakistani Man Scams US Govt of $126 Million With Fake Website point to a situation that is still moving, and the coming days should bring more clarity.
