I remember doing this in Lineage 2. I was on a low-level alt verbally attacking some guy I didn't like. He passed all his good gear off to a friend so he can hunt me (with a "red name" for killing me outright, which means he can drop his items when he's killed). He killed my alt like a billion times, then we both ran to his friend. I opened a trade with his friend first, and he mistook it for him, and passed me all his friends gear.
This dude was decked out. I had like 100mil adena, which I guess, and a total guess, is about 50,000g WoW gold~. No such thing as soulbound there, either
Yeh, I had my scamming days. heh...