NCCIA arrests Khanewal man indicted in $126m US postal fraud case

The National Cyber Crime Investigation Agency (NCCIA) Lahore Zone on Tuesday arrested Faheem Akram, a Pakistani national indicted by United States authorities over an alleged online scheme involving the sale of more than 5.1 million counterfeit US postage labels, causing losses exceeding $126 million to the country’s postal service. According to the NCCIA, Akram allegedly operated the scheme from August 2023 till last month, selling counterfeit shipping labels for around $2 each. The agency cited transactions worth approximately Rs35 billion, while clarifying that the $126 million figure represented alleged losses to the US Postal Service. A case has been registered and the investigation is under way. Read: Pakistani national indicted in US over alleged $126m postage fraud The US Department of Justice had announced on September 28 that a federal grand jury in the Southern District of Florida had indicted Akram, 33, a resident of Khanewal, on charges including conspiracy to defraud the US government, counterfeit postage and wire fraud. According to US prosecutors, a website, LabelsBank.com was not authorised to sell US Postal Service products and services. It allegedly offered counterfeit postage at a fixed price, irrespective of a parcel’s weight, size or destination, allowing customers to ship packages at rates substantially below legitimate postal charges. US court records showed that more than 5,200 people had used the website to purchase over 5.1 million counterfeit shipping labels. A court order authorised the seizure and shutdown of the website. The investigation identified 16 bank accounts allegedly linked to the case, of which seven belong to the suspect, five to his brother, two to his wife, and one each to a sister and maternal aunt.

from Latest News, Breaking News & Top News Stories | The Express Tribune https://ift.tt/sIfbXh8

Comments

Post a Comment

Popular posts from this blog

Trump's Iran pause and the new Middle East reality

Last week, amid widespread protests in Iran, US President Donald Trump openly urged Iranian protesters to continue their campaign and take over government institutions. He then added a loaded line: "Help is on the way." The message instantly triggered speculation of a US military strike on Iran. But that "help" never arrived. As days passed, US media reported that President Trump had put any plan to attack Iran on hold. Subsequent reporting suggested that Trump reconsidered after a phone call with Israeli Prime Minister Benjamin Netanyahu, who advised against launching military strikes. This was surprising. Israel has long been seen as eager to seize any opportunity to corner Iran, militarily or politically. The advice, however, was driven by two hard realities. First, Israeli intelligence assessments concluded that while the Iranian regime appeared under pressure, it was not weak enough to be overthrown through external military action and internal unrest. Protests...
Read more

IHC allows lawyers to meet PTI chief in jail

The Islamabad High Court on Thursday issued a show-cause notice to the Adiala Jail superintendent for not appearing despite the summons to provide facilities to the PTI chairman and allowed his lawyers to meet him in jail without any hindrance. A division bench comprising Justice Miangul Hassan Aurangzeb and Justice Arbab Muhammad Tahir heard the case. Deputy Attorney General Arshad Mahmood Kayani and Assistant Attorney General Azmat Bashir Tarar appeared in the court, while the Adiala Jail authorities did not despite the court summons. Read More: Former PTI leader blames Imran for May 9 riots The court again issued a show-cause notice to the jail superintendent, saying that why contempt proceedings should not be initiated against the superintendent. Justice Aurangzeb expressed anger at the late arrival of the law officers, saying: “Who will come to assist this court? Everyone is celebrating the happiness of Nawaz Sharif and distributing sweets.” Justice Aurangzeb told the law officers...
Read more

AI wars begin

When you are obsessing about petty domestic disputes and mundane minutiae of existence you forget to pay attention to the world-changing events around you as they occur. Somewhere between the early nineties and now, our important neighbours wooed lady luck and managed to change their economic trajectory. We kept fighting. Our neighbours became space-faring nations and we kept fighting. And now this AI revolution. Between 2015 and now, companies were created, and some others were reorganised to research artificial intelligence. We were busy fighting among ourselves and toppling governments. Now, every other day these companies wow us with some remarkable innovations and where are we? None the wiser. In the past few months alone the world of AI has endured some remarkable tumults. And we are in no shape to benefit from any such crisis. I will use the analogy of the medicine industry to explain the situation. When the patent of any expensive brand-name medicine expires after twenty years ...
Read more