USPS shuts down site that sold 5M counterfeit postage labels for $2 each

U.S. Postal Inspectors shut down LabelsBank.com, a website operated by Pakistani national Faheem Akram that sold over 5.1 million counterfeit USPS postage labels at $2 each, causing more than $126 million in losses to the postal service. Akram has been charged with conspiracy to defraud the United States, making and selling counterfeit postage, and wire fraud. The domain has been seized and the website shut down through a court order.