Gta v, Steam refund hacking spree?

[Ihate_rkst_north]

So recently i was permanently banned in gta V, and ill admit i did cheat the first time, however the second and third time i did nothing, and now i'm pissed, Now i want to go into gta online and hack like crazy and give out tons of money, Now $60 just to cheat is expensive but, before i got banned though i talked to a modder he claimed that what he would do was first buy a $60 paypal card(i have seen these at CVS before) then take the $60 buy a copy of GTA v on a new steam account, drop 40k money bags on people(normally resulting in a ban in under 2 hours), then get banned, then refund GTA V, then wait, get the money back into his paypal and repeat the process all over again
He claimed it works with pre-paid visa's as well, does anyone have any experience with this? does any one know if this would actually work?

[Ihate_rkst_north]

Anyone have any input on this idea? if it would be a good idea? anyone done it? thoughts or anything at all?

[leek21]

it's called fraud, and it's been around for forever