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Maybe you could have a look in to the Hall of Shame. There are 10 cheating webmasters, 3 spamming sponsors - and 2 cheating sponsors. Looks for me more like 1:5 instead 1:10000.
The truth is: there are stealing police officers, lying judges and raping priests. And I doubt that a cheat will be a honest man or woman, only because he started a biz as sponsor in the adult industry.
Another thing is: for a lot of cheating, the sponsors are responsible. There are click-thru-sponsors, who accept cheating as long as this traffic converts well. And there are exit-traffic-sponsors, who accept any kind of traffic, it doesn't matter if the cheater steals the traffic from a tgp, if the cheater steals from a hacked site or even from a hacked server.
This doesn't mean that there are not a lot of cheating webmasters out there. But this cheating game has a lot of players.
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