Yes. Looks like there are plenty of rip offs with Victorinox's name and symbol on them out there these days.
Luckily, I was aware it was a fake but plenty of people would buy this and think that Victorinox is junk.
For example, in my copy, the plastic piece at the end of the tweezers tend to pop out of their two small retaining holes when you put them back into the card. This means the plastic end angles up to such a degree that you can't push the tweezers home with any regularity. Most of the times, you have to pull them back out, apply pressure so that the two plastic nubs are seated properly into their two associated holes in the metal tweezers part, and try again.