What part of this surprises people? You circumvent a system and cost them money. You aren't allowed to sell Steam games, end of story. There's nothing "generous" about this, sure, it may seem generous of this guy to do it, but ultimately it should come as no surprise that what he's doing is wrong. No matter what people might think, there are reasons why the games are more expensive in Europe than in America. I don't agree with their "1 euro = 1 dollar" deal, but I simply cannot comprehend how ANYONE could be surprised that this guy would get the axe.
If he had simply gifted the games I would have wondered what was up, but selling games when it's been proven time and time again to be against the rules.. come on, people.
Also, VAC bans =/= Steam Ban. If your Steam acc. is banned, it's bye-bye games. VAC is just their secure servers. Simple enough.