China’s fake Goldman Sachs is ready for business by TIME @FortuneMagazine August 27, 2015, 5:14 AM EDT E-mail Tweet Facebook Linkedin Share icons This article is published in partnership with Time.com. The original version can be found here. By Joanna Plucinska @joannaplucinska China has been known for ripping off designer goods, iPhones and even public sculpture. Now, financial companies can start worrying about having a Chinese counterfeit too. American multinational financial giant Goldman Sachs Group Inc. GS appears to share an English name with Goldman Sachs (Shenzhen) Financial Leasing Co., a financial services company based in the southern Chinese city of Shenzhen. The company also uses the same Chinese moniker (Gao Sheng) as the American one, and even has a similar font for its logo, according to Bloomberg. A spokeswoman for the American Goldman Sachs, Connie Ling, told Bloomberg that there is no connection between the two companies. A secretary at the Shenzhen company told Bloomberg that no one had ever inquired with her about the similarities. Name-poaching isn’t the only controversy the company has encountered — it has also been accused of dabbling in money-laundering. The company first came to light when a U.S. casino workers’ union sent a letter to the Chinese government complaining that the Shenzhen company was linked to a notorious gaming figure, Cheung Chi-tai. Chinese prosecutors allege that Cheung in turn has links to organized crime and he is awaiting trial, Bloomberg says.