U.S. Attorney Jason Reding Quiñones filed a 19‑count indictment against Akram, charging him with one conspiracy to defraud, five counterfeit postage‑label counts, and four wire‑fraud counts.
LabelsBank.com sold each counterfeit label for a flat $2, ignoring weight, size or destination, undercutting legitimate USPS rates that can run 8‑10 times higher. The site reportedly attracted 5,200 customers who bought more than 5.1 million labels.
The Postal Inspection Service seized the domain and shut down the website. Quiñones said the fraud cost the USPS over $126 million and that the reward of up to $100,000 is now active.
One small‑scale retailer in Miami, Maria Lopez, used the fake labels to ship her handmade jewelry. She claims the USPS refused to honor the parcels, citing fraud, and lost $1,200 in shipping fees.
Akram faces a maximum of 5 years for the conspiracy and counterfeit counts and 20 years for each wire‑fraud count if convicted. A federal court hearing is scheduled for June 12, 2026.