A man accused of running a counterfeit postage scheme has been arrested in Pakistan after prosecutors said it cost the US Postal Service more than $126m. Faheem Akram, 33, was detained following several weeks of searches and raids across multiple regions, Pakistan’s cybercrime agency said. He was indicted by a federal grand jury in Florida, with prosecutors pointing to an unauthorised online platform called Labels Bank. Prosecutors allege Labels Bank sold more than 5.1 million fake postage labels to over 5,200 customers. The labels were priced at $2 each regardless of a parcel’s weight, size, or destination. According to US prosecutors, the estimated losses of over $126m reflected damage to the Postal Service rather than direct sales generated by the website. Investigators said Akram ran the operation from August 2023 through September 2026. The cybercrime agency said investigators found the scheme was operated using 16 bank accounts registered to Akram and members of his family, including his wife, brother, sister, and aunt. It remains unclear whether Akram will face trial in Pakistan or be extradited to the United States.