Mainland pirates are getting more brazen in their nefarious trade, this time preying on global US financial giant Goldman Sachs. It uses the same Chinese characters, gao sheng, as the real Goldman Sachs, and its English font is evocative of the US bank’s.
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US casino workers alerted officials from China’s Communist Party to the existence of Goldman Sachs (Shenzhen) Financial Leasing, based in Shenzhen – a city close to the border with Hong Kong.
Now what if Bloomberg told you that the guys behind Goldman Sachs (Shenzen) are the kind of guys that even Lloyd and Gary would not be interested in rumbling with? Goldman Sachs has a 52 week low of $171.26 and a 52 week high of $218.77. Money Laundering The letter called on China’s government to investigate Goldman Sachs (Shenzhen), which it said is a financial services company linked to a group of gambling companies controlled by the family of Cheung Chi-tai. A receptionist at the counterfeit firm told the wire service that it’s not affiliated with the New York investment bank, but declined to disclose how the company got its name.
The Goldman Sachs Group, Inc.is a bank holding company and a financial holding company.
Sticking a “Shenzhen” in there doesn’t absolve the Chinese clone of possible trademark infringement, but other foreign firms that have sued for name changes in the past have failed to win over Chinese courts.
The news came after a 39-year-old man in eastern China was arrested earlier this month for setting up a fake branch of China Construction Bank, including card readers, teller counters and signs, according to state-run media.
The report also said customers of the fake bank who deposited money with it were duped as they were refused for withdrawals.
Basketball legend Michael Jordan lost a case in July against a local sportswear company that used his name in Chinese.
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Apple paid $60m to settle a trademark dispute with a Chinese company that had applied to block the sale of iPad computer tablets in 2012.
