Yep. And as far as I know, the stats will never rise back up after that. And you will never get the item/money back. The stat lowering is total bull$#!+ though. I think they should lower it until the card is taken off the record, not permanently.

My cards are all anti-law cards. 3 each of R2 Antilaw, R3 Antilaw, R4 Antilaw, R5 Antilaw, R6 Antilaw, and Allmighty. And 2 R1 Antilaws (not enough space to hold 3). I never use them though.