Extorting in game money is legit. Scamming in game money is legit. However, pretending you are another established player to scam money is where we draw the line.

We will not have time to investigate small scams, but scams of significant amount where the person has misidentified themselves as another established player to scam money will result in retrieving of funds if it is available, including from people that the funds were sent to depending on the situation. If the funds are not available, an admin punishment will be arranged that will be equivalent to the size of the crime and amount of time it takes to investigate and reverse.

Some suggestions to ensure that you do not fall prey to "Clipper Scams" is that you verify the name on IRC with their hostmask which tracks back to their hometown, as well as are identified with their normal registered nick.