It would most likely be a FEDERAL authority breathing down your neck DavyT. I'm pretty sure that if Blizzard can find people who use hacks, Microsoft can also. But the most that would probably happen is a cd-key ban =P
problem with that is, that there is no cd-key in freelancer, and there are aswell progs already arround that generate you a new mp identity key.
which means, it takes you about 10 seconds to come back after a ban. and another 10 seconds to max out.
and btw aswell something like the fbi will laugh in your face if you come to them and tell them ip x.x.x.x is cheating on your server. heck, if you get catch stealing something small the cops will llikly bring you not court cause the vaule is to low.
but well, the money cheating and getting best ship is anyway not a real problem (you can have this anyway in 3-5 hours), but unlimed shilds and adding "super weapons" is, cause you can nothing do about it and stand no chance in pvp.