The National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram in Lahore over an alleged Rs. 35 billion online fraud involving counterfeit United States postage stamps. Authorities suspect that he operated a website selling fake postage labels to customers, causing substantial financial losses to the US Postal Service.
A local court has granted the suspect five days of physical remand for further investigation. Meanwhile, US authorities have charged him in connection with the alleged scheme, which reportedly caused losses exceeding $126 million.
Website Allegedly Sold Millions of Fake Stamps
According to investigators, Akram operated LabelsBank.com from August 2023 to September 2026. The website allegedly sold more than five million counterfeit US postage labels for approximately $2 each, regardless of package weight, size or destination.
Furthermore, investigators identified 16 bank accounts allegedly used to process transactions linked to the operation. Seven accounts reportedly belonged to the suspect, while five belonged to his brother, two to his wife, and one each to his sister and maternal aunt.
US prosecutors have accused Akram of conspiracy to defraud the United States, manufacturing and selling counterfeit postage labels, and wire fraud. However, the allegations remain subject to legal proceedings.
Investigators Expand Probe Across Multiple Regions
The NCCIA has formed eight special teams to investigate the alleged fraud across Punjab, Islamabad and Sindh. During the investigation, officials conducted 35 raids and questioned 47 individuals to identify other people potentially connected to the operation.
Additionally, investigators examined 122 call data records, 50 mobile device tracking reports and recordings from 120 surveillance cameras. They also used artificial intelligence and other digital forensic tools to trace the suspect’s movements and examine the alleged financial network.
The agency continues investigating the money trail and the possible involvement of other individuals. Authorities aim to establish the full extent of the operation while examining transactions associated with the suspected counterfeit stamp sales.
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