First, because someone will point it out, I'm *not* a mod...
That said, the rules clearly state that having more than one account is a violation of the terms, regardless if they play together. Add to it the fact that he guaranteed himself 700

and points are meant to keep new players from getting into too many games and ruining the experience for others until they can handle them, then yes, he stole 600 more points from the site and was then able to get into high stakes games that got him even more if he won or drew in them. So yes, it *is* cheating.