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US Postal Inspectors seized LabelsBank.com and charged Pakistani national Faheem Akram, 33, with selling over 5.1 million counterfeit USPS postage labels at about $2 each, causing more than $126 million in losses. Over 5,000 customers used the site. Akram faces conspiracy, counterfeiting and wire fraud charges; the domain was shut down by court order.
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