It might not even be a squad at all, but that doesn’t play into a Law & Order joke.
A post on the official SWTOR forums reveals that the team had been watching a large ring that spanned hundreds of accounts and took action to shut the whole thing down at once. The net result was hundreds of accounts banned and over nine billion credits removed from the circle. You can probably make your own jokes about whether or not the sellers in question would have made the Hutts proud.[Source: Official forums; thanks to Tibi and Khalith for the tip!]