I must disagree with your interpretation, cpmac.
If the verse read, "...for many shall come in my name, saying that I am Christ;" then you would be correct.
Because the KJB does not use quotation marks, one must look at the other punctuation to understand when a quotation is being made. In this case, the comma after the word "saying" indicates that the next phrase is the quotation. Therefore, the false one will say, "I am Christ."
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