Remand of suspect in US postal tickets scam extended
LAHORE: A judicial magistrate on Monday extended the physical remand of a suspect in an alleged Rs35 billion fraud involving the online sale of counterfeit US postage labels. Earlier, the National Cyber Crime Investigation Agency (NCCIA) produced the suspect, Faheem Akram, before the court on completion of his previous five-day remand. The agency also produced a recently arrested co-suspect,…
A judicial magistrate in Lahore extended the physical remand of a suspect in a reported Rs35 billion fraud involving the online sale of counterfeit US postage labels. The National Cyber Crime Investigation Agency (NCCIA) produced suspect Faheem Akram and recently arrested co-suspect Naeem before the court. Magistrate Naeem Wattoo granted the NCCIA the remand of both suspects until October 30.
The agency accused Akram of operating a website called LabelsBank.com since August 2023 to sell fake US postage labels, claiming over five million had been sold. The US Department of Justice indicted Akram in September 2026 for allegedly selling over 5.1 million counterfeit postage labels, causing losses exceeding $126 million to the US Postal Service.
US prosecutors alleged the website charged $2 per label, irrespective of package weight, size, or destination. A US court order authorized the website's seizure and shutdown.
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