If this is real it sucks so much ***.
It would mean that any time you sell something and get money off another player you could end up losing the money for the item through no fault of your own.
But then, looking more closely at what was said it doesn't sound as if the person sold the item on ah or bazaar but traded it directly with someone.
The GM kept referring to the evildoer as the other guy's friend, which the guy denied, saying 'he's not my friend'. I wonder if the GM had evidence of the 2 being friends from lots of tells or ls or something, or if he was just assuming it because it was a trade sale rather than ah or bazaar.
Also as someone said, the guy referring to what he sold as 'some item' or whatever rather than naming it is a bit suspicious.
I wonder why, if the GM has the authority to take back the gil from a third party, he can't give back the item that the third party sold for 1.9 mil.
I can see how they'd want to stop people scamming someone for millions of gil then trading it to one of their friends, then evildoer gets banned, creates a new accont, gets gil back from friend, but how could they prove it?
So, I'm saying, on the face of it this is an absolute outrage, but we don't know the full facts of it at all and there are suspicious points that suggest all is not what it at first appears...
ffxi: (retired) RDM,WHM,BLM,PLD,NIN,BLU,THF 75
WoW: PAL,SHA 80, ROG 80