So the question that begs being asked is: How did you "obtain" the code in the first place? Any smart traveller would question the source of the codes being used, especially if it's giving a rate that's "too good to be true."

The code, by the way, has been mentioned in past threads:
http://www.flyertalk.com/forum/showthread.php?t=176563
http://www.flyertalk.com/forum/showthread.php?t=311380

Thanks for the shariing your first-hand experience, though.