So let me get this right - people pay with real world cash to get game world cash(either by buying a subscription and taking an opportunity cost hit by playing, or directly buying it), put this converted real-world cash into his virtual bank, and then he embezzels this converted real-world cash from his virtual bank to pay for real-world expenses, and no one thinks this unethical or illegal?
Sorry. I have medical bills, I have expenses, I have a house - I would NEVER think of stealing real or virtual cash in order to pay for these expenses! I know it currently is not illegal, but it still is highly unethical.
Again, would anyone have had any problems if he has "only stolen a couple of cents out of each player's real world bank account" to raise $5100 for expenses? After all, its not like anyone will miss a few pennies individually - they probably have that much lost in the nooks and crannies of a single couch at their home. After all, he had a good reason for STEALING the money - so that makes it ethical and legal enough for me.
Now, had he turned to the community and asked for help ("I am struggling with high medical expenses for my son, if you can afford to donate anything - even a penny - to help my son get his needed medical expenses, I would be eternally grateful") then I might have sympathy for him.
So, RL trumps game life and no harm done? I disagree. Can I blame him? Yes. Do I understand why he did this? Entirely. It is easy to say "well, its only monopoly money, so I am not really stealing anything" without realizing its roots are in real world money, mainly because so few people actually think fully about what things really represent.