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http://store.steampowered.com/subscriber_agreement/
"You agree that you will not use IP proxying or other methods to disguise the place of your residence, whether to circumvent geographical restrictions on game content, to purchase at pricing not applicable to your geography, or for any other purpose. If you do this, Valve may terminate your access to your Account."
Yeah, i HIGHLY doubt that. There is not a single known case so far of someone getting his account suspended just for activating a game with a VPN.
For buying games from another regions store? Yes there was a case here and there. But only because that is fraud.
Steam cant even recognize if someone uses a VPN just for activation.
Also they would need to proof that you were not in that country at the time.
Good luck with that.
Edit: @ OP Also you are a great "friend". First thing you do is run to the forums to snitch your friend out. Class act. With friends like you nobody needs any enemies.
Your region is bound to your account, not your IP. I could VPN all I want, I'd still get the prices of my region.
I'd like some proof here.
I'm also pretty sure a global company like Valve could easily determine such things just like any other which has region-based pricing lol!
That does not mean it was for the VPN activation. Account termination is usually only for the biggest violations like active credit card fraud or trade scamming in a big way.
Even the accounts who got suspended for buying games with VPN from other countries stores still only got "suspended". Meaning they can still access all their games and play them, they just cant buy or activate any new ones.
There is absolutly no evidence that the activation of that game with VPN and the termination are related.
I know dozens of users who activated hundreds of games with VPN on their accounts. Why are they not banned if Steam can detect it?