Well, it certainly is low-end, and the decals look like they were put on last week, and the frame is covered with a rather thickly applied powdercoat in a color Bianchi never shipped, and none of the frame details look remotely like Bianchi's.

I think somebody got a good deal on Bianchi decals and just put them on so the frame didn't look too bare. Not trying to make a counterfeit Bianchi so much as giving a blah low-end grey bike a little bling.