Rest assured I did notify UL of this item.

I call it "counterfeit" because of the "complies with" statement on the label. It, strictly speaking, does NOT bear a UL label. The reference seems to imply something else.

Since UL also does plant inspections and follow-up testing, the very idea that someone else's evaluation is equivalent to a UL label is problematic, at best.

The standard listed is not appropriate to the product shown. UL 498 is little more than a collection of plug patterns. It most certainly is not the standard used when a multi-receptacle power strip is evaluated.

That separate ground wire is a major "red flag." Since the NEC requires ALL conductors to be within the same cable, such a construct is not up to UL standards either.