I have been reported on and visited by Gms on several occasions. No action has ever been taken because what we do is not against the TOS.

When people take the time to let me know that they have reported me, I thank them and ask them if there is anything they want me to say to the GM for them. They then realize that I really dont care about being reported and leave me alone, or start asking me questions on how to 5box because they want to do it too :P