Pakistan’s cybercrime agency has arrested Faheem Akram, who is accused by US prosecutors of operating a counterfeit postage scheme that caused $126m (£94m) in losses to the US Postal Service. Prosecutors allege that more than 5,200 customers bought over 5.1 million counterfeit shipping labels through LabelsBank.com, which authorities have shut down. Akram faces charges including conspiracy, making and selling counterfeit postage labels, and wire fraud.
Source: bbc.co.uk