Re: No that's not "Upcycling"
Fraud - yes, absolutely.
"Counterfeiting" - no.
counterfeit
n adjective made in exact imitation of something valuable with the intention to deceive or defraud. Øarchaic pretended; sham.
n noun a forgery.
n verb imitate fraudulently. Øliterary resemble closely.
DERIVATIVES
counterfeiter noun
ORIGIN
Middle English (as verb): from Anglo-Norman French countrefeter, from Old French contrefait, contrefaire, from Latin contra- 'in opposition' + facere 'make'.
Biting the hand that feeds IT
