the bigger problem would be paypal freezing both accounts just cause they can.
It doesn't matter if you can be trusted or not, it is paypal that can't be trusted when dealing with bitcoins.
My friend have problem with freezing, but just need week and problem resolved. In the end, as I understand PayPal does not like to transfer large sums between accounts with a small payment history, as well as if this account created not long time.
Its not just that, if Paypal decides to research your transactions and finds that your dealing with bitcoins then you are fucked.