When you become a bad sport and try to access a normal game you get a message telling you that the for the time being you are stuck in the dunce pool with all the other bad sports and "CHEATERS" (not my words, Rockstars) this would BLATANTLY include people who have attained money through the LSC glitch.
Everybody who has done the LSC glitch are going to the dunce pool!
Everyone seems so certain that Rockstar ain't gonna ban or reset them, so the next logical step would be to send them to the bad sport lobby for an extended period of time or maybe even forever.
Rockstar isn't going to just sit back and let everybody get away with it when they have their cash cards to sell.
I also have a source who tells me that they ARE going to take action against those who have cheated.
And for anyone who asks me to post proof of my source, please ask Deffpony to PM me and I'll show him my proof.
I will not personally post my source on here because it would severely impact my future at university (that's a hint)