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Based on what you stated; no, nothing should happen to you, that idiot was just bluffing.
Look at the bright side; you got a free game out of it :)
PS: you might wanna provide more details here, such as his steam profile and screenshots..etc
Thanks, I assumed as much. Indeed I did lol and I couldn't get the link to his profile but I'll try again.
A user named 'Rivera' added me on steam asking if I still needed State of Decay, and then proceeded to offer me a CD-Key (which I stupidly assumed was State of Decay, in my over-joyed panic) So I said sure and asked him to go first, he did, and once I entered the key it t'would seem I now reluctantly own '1953 KGB Unleashed'. I confronted him, to which he said "Give me all your inventory items or i will talk to steam and get you banned' I offered to give him a key for 1953 KGB Unleashed, or Thief Gold and he declined, saying he wanted my Infestation gift, or Takedown Red Sabre. To sum it up, some dude tricked me, threatened to get me banned, I reported him, and gave him nothing, now I'm waiting and praying I don't get banned or suspended for some reason.
P.S. Does anyone know how steam policy works (I.E. Will I get banned?) as I have no clue (newer to steam)
His profile: http://steamcommunity.com/profiles/76561198028185924