Party Poker awarded points for making deposits. Matt deposited money. He would deposit so much money at a time (up to $50K) that he got bored clicking buttons, so he wrote a script to do it for him.
So, if depositing money wasn't against the rules and withdrawing the money after he got the FPPs wasn't against the rules, how can you possible claim that "this was a crime"?
The way I read the post, he deposited all his money ($50,000 or so?) into the account, withdrawing it again as soon as he was credited. He could have refreshed the page himself, hired a Chinese monkey to do it or create a script to log in and deposit money again and again...call me a genius, but I can't see how this is a very sophisticated or even defraud an obviously broken system.
I'd be more sympathetic to the victim if they weren't themselves in the business of taking money from the helpless.
It's pure survival of the fittest.
I think it's possible he may have violated the terms of service somewhere along the line but I doubt he broke the law.
Others say fraud. But what did he lie or deceive about? He didn't hide anything.