The good news is that it's a clone, but not a very good one. There's some telltale signs that you need to watch out for when it comes to the N95.
Here's a side-by-side comparison of the two phones, frontal view.
The stylus-driven menu buttons (red box). The fake N95 has a "touch-screen" with a stylus, and the easiest way to spot the counterfeit is by checking this area. If you see a row of little icons (compare to the real N95, bottom), then it's a knock-off.
Wrong buttons and no dual-slide. (yellow and green boxes) In place of the real N95's Menu/Multimedia Key buttons, the fakey N95 has a Play button (yellow box) and a Stop button (green box). This is mainly because it doesn't have a dual-slide mechanism, so whoever designed the knock-off dropped the playback buttons anywhere. And since there's no Symbian OS, there's no need for the menu buttons either.
Back view of the real and fake N95s:
The real Nokia N95 comes in two colors: Silver/Plum and Silver/Sand (sort of a silvery-yellowish color). The plum and sand colors refer to the back cover of the phone (which includes the sides too). However, the counterfeit has a back cover that's black.
Lens Cover Thumb-Switch (orange box). Doesn't exist on the fake N95, but very prominent on the real thing.
Nokia Logo (teal box).
When the two phones are looked at from this angle, note the difference in the logo placement, size, and direction (it's flipped on the fake).
Some random camera oddity on the fake (purple box). Not sure what this piece is supposed to be, but there's some random design on the Nokla N95 (the knock-off) that's in the shape of a 3. Don't be fooled!
Also note that the buttons on the fake look cheaper and are raised slightly higher than they're supposed to be.
Some more pictures as a reference (the fake N95):