US prosecutors have indicted a Pakistani man for allegedly running a fake postage website. According to the US Department of Justice, 33-year-old Faheem Akram of Khanewal, Pakistan, operated LabelsBank.com. The unauthorized site allegedly sold more than 5.1 million counterfeit US postage labels. Authorities say the scheme caused over $126 million in losses to the US Postal Service (USPS).

The scheme allegedly ran on an unauthorized website rather than any official USPS channel. LabelsBank.com had no authorization to sell USPS postage. The website sold counterfeit USPS postage for around $2 per label. Moreover, the labels allegedly let customers ship packages at prices far below legitimate USPS rates.

This applied regardless of the package’s weight, size or destination. Therefore, buyers could ship packages for a fraction of the legitimate cost. The size of the alleged losses is what makes the case stand out.

More than 5,200 people reportedly used the platform to buy the labels. The alleged losses to USPS therefore reached more than $126 million. Meanwhile, US authorities have seized the LabelsBank.com domain. A court order then shut down the fake postage website.

Akram faces one count of conspiracy to defraud the United States and to make and sell counterfeit postage stamps. Furthermore, he faces five counts related to making and selling counterfeit postage labels. He also faces four counts of wire fraud. In total, the indictment lists ten counts against him.

If a court convicts him, he faces up to five years in prison on the conspiracy and counterfeit postage charges. However, each wire fraud count carries a maximum of 20 years. Additionally, the allegations involve both counterfeit postage and online wire fraud.

The US Postal Inspection Service’s Miami Division is investigating the case. Federal prosecutors, however, have stressed that the charges are only allegations. Akram will be presumed innocent unless proven guilty in court. Finally, the court process will decide whether the allegations hold.