i just had about 15 toons get a 1 day ban from same ip. the bad thing is about 3 of them have never left the stations except to fly to a tech school to buy skills and been doing nothing but skill flipping.
So far I've not seen any cases of ISK or assets being removed when suspended.
The only suspensions we've seen have been from 23/7 use. If you're UNBELIEVABLY quick on the petition they might cut you some slack.
If you've been suspended, lay low for a few weeks and move systems. You got petitioned and the GMs noticed the uptime - someone in local does not like you, thus move.
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