This guy already received a lot of negative trust feedbacks, and his account has been flagged with a nice warning message.
AFAIK, permaban is for plagiarism, spam boosting, and ban evasion. As for now, you can just keep reporting his posts and you can give some negative trust entries or/and support the flag.
Obviously no one is mad to give him this much amount.
It's not a big deal, until someone falls victim by those newbie's shady offers.