You people are a hoot. Using blade blanks or making kit knives and selling them as customs has been a very old scam. If you are too stupid to know what you are buying...maybe you shouldn't buy it.
This guy is another reason to not buy knives on the internet. Go to a show, meet the maker, press the flesh. That being said, I've been lied to about kit knives at more than one gun show, knife show and state fair.
However, for those on your high horse, there are "well respected" knifemakers who do the same thing...it's called mid-tech knives. The only difference, is the design is theirs, but the blades, handles and sometimes even the edge are put on by the subcontractors and the maker just assembles the knife.
Then you have the well known maker...with shop help. The maker's name goes on the knife, but you see pictures of 50 blade blanks and the shop rat in the corner. Who really made the knife? The company that blanked the handles and blade for the fixed blade, the shop rat who put the edge on and assembled the knife, or the guy who's name is on the knife, but only pays the help, the subcontractors and...if you are lucky, inspects the product before shipment.
But I've seen kit knives, mid-tech knives and production knives with better design, fit and finish than many of the makers on this forum.