Every package you mail costs real money — unless you shopped at LabelsBank.com, where the price of postage was always about two dollars, regardless of weight, size, or destination. That is because the labels were allegedly counterfeit, and the U.S. Postal Service just put a 100,000 dollar bounty on the head of the man accused of running the whole operation.
Faheem Akram, a 33-year-old Pakistani national from Khanewal, Punjab, was indicted by a federal grand jury in the Southern District of Florida for allegedly operating LabelsBank.com, an unauthorized website that sold more than 5.1 million counterfeit U.S. postage labels to more than 5,200 customers. The Postal Service says the scheme cost it over 126 million dollars in lost revenue.
Akram faces one count of conspiracy to defraud the United States, five counts of making and selling counterfeit postage labels, and four counts of wire fraud. Federal authorities seized the website via court order. U.S. Attorney Jason A. Reding Quiñones called the alleged operation "simple but massive."
On October 8, 2026, the U.S. Postal Inspection Service offered a reward of up to 100,000 dollars for information leading to Akram's arrest and conviction — and warned the public not to attempt to apprehend him themselves. He has not yet been found.
The lesson is the oldest in the mailroom: if a shipping label costs two dollars and the post office charges twenty-five, the savings are coming from somewhere. In this case, allegedly, they were coming straight out of the Postal Service's pocket — 126 million dollars of them.
Pakistani officials say U.S. authorities have not yet formally contacted Pakistan about the case, though they are gathering information on the 33-year-old suspect. The Postal Inspection Service's wanted notice asks anyone with information to come forward — and stresses that you should definitely not try to collect the 100,000 dollars by apprehending anyone yourself.