U.S. law enforcement authorities have seized an internet domain after charging a Pakistani national with operating an unauthorized website that allegedly sold more than 5 million counterfeit U.S. Postal Service postage labels, resulting in more than $126 million in losses.
The counterfeit labels allowed customers to ship packages at deeply discounted prices, resulting in a substantial loss of revenue for the national mail carrier, the U.S. Postal Inspection Service said in a news release on Thursday.
The number of counterfeit stamps being sold from online platforms has escalated. Many of these stamps are produced outside the United States. Scammers peddle fake stamps on social media marketplaces, and e-commerce sites via third party vendors, and other websites. Counterfeit stamps are often sold in bulk quantities at a significant discount — anywhere from 20% to 50% of their face value, according to the agency.
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