This reminds me of the original Dungeon Siege. My friends and I always played on password protected servers hosted by one of us because there were so many cheaters out there and we wanted to feel like we'd earned our levels and equipment.
Sometimes we forgot to set a password and invariably some max level character would join and kill absolutely everything, then offer us cool items with impossible stats they'd "found". I never understood the appeal.
I actually had printed out a big stack of papers describing all the prefixes and suffixes in the game along with on which item types they could appear without cheating. Most of the time I didn't need to consult it since most cheaters would offer you the same item: "of Agony Ring of Agony".
