Pakistani Man Scams US Govt of $126 Million With Fake Website
A Pakistani man has been indicted in the United States for allegedly running a fake website that sold more than … Read More The post Pakistani Man Scams US Govt of $126 Million With Fake Website appeared first on ProPakistani .
A 33-year-old man from Pakistan, Faheem Akram, has been charged in the United States for his alleged involvement in a scheme that defrauded the US Postal Service (USPS) out of over $126 million. The indictment alleges that Akram operated a fake website, LabelsBank.com, which sold counterfeit USPS postage labels for a fraction of the legitimate cost.
The website purportedly enabled customers to ship packages at rates far below the standard USPS rates, irrespective of the package's weight, size, or destination. Over 5,200 individuals allegedly purchased these counterfeit labels, leading to significant financial losses for the USPS. US authorities have seized the domain of LabelsBank.com and shut down the website following a court order.
Akram is charged with conspiracy to defraud the United States, making and selling counterfeit postage stamps, and wire fraud. If found guilty, he faces up to five years in prison for the conspiracy and counterfeit postage charges, and up to 20 years for each wire fraud count. The investigation is being conducted by the US Postal Inspection Service's Miami Division.
Federal prosecutors have emphasized that these are allegations and Akram will be presumed innocent until proven guilty in a court of law.
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