I don't know why you would sit around an extra 15 seconds to get busted. Waste of time. Here is how it works for me anyway.
It's pretty easy, but can be a little buggy.
1. Start NFSW Client
2. Start NFSW Hack
3. Join High Stakes
4. While in the lobby, activate F11
5. When event starts and the 3,2,1 countdown is on the screen, press ESC.
6. Quit the event.
7. Get called a "FUCKING NOOB HACKER!!!!!" by the guy you just screwed over.
8. Repeat steps 3, 5, 6, 7 repeatedly for fast money, rep, and rewards (the parts do show up in your inventory).
9. Wait for your immanent ban after being reported 2000 times.