You thought there were no consequences, did you?
Well, now there are:
Penalties are now adjustable via settings:
Doing this is pretty simple: upon loading this update for the first time, a NC4T folder with a Settings file will be created with default settings inside your saves folder:

You can open the NC4T_PickpocketingMod_Settings.cfg file with your standard text editor. To change the settings, simply put in new values as shown below.
However, be careful to not change anything else inside the file (for example deleting a comma), or the settings won't work!
Valid Settings:
"e", "m", "h", or "o"
Default Settings:
Note: if you would like to go back to default settings, you can just delete the settings file - a new file with default settings will be created for you the next time you start the game.
But wait, there's more!
Other changes:

nc4t.pickpocket.uncaught

(note: for some reason the confirmation string only shows if All Cheats by TwistedMexi is installed, but the cheat itself works just fine without it as well)
A note on compatibility:
This mod is still Basegame compatible, even with all these pack-specific updates. If you don't have Parenthood (for the character values) or Get Famous (for reputation) installed, it will simply be ignored and should not affect your game at all.
The same is valid for the blacklisted traits, and you do not need Kuttoe's trait mod in order to use this mod either (although I can only strongly recommend it, it's awesome!)
Special Thanks! <3
To Kuttoe for the idea to have pickpocketing affect character values and for letting me include his New Emotional Traits mod.
To LeRoiDeTout and Kuttoe both for their enormous help with the settings part, and for their invaluable feedback and advice.
To Isy for accidentally giving me the idea to add a small broadcaster to the successful interaction.
Discord Server
If you have any trouble with my mods, discover a bug, or simply wanna talk about them, please come join us on the Discord Server Sims After Dark, which is a joint modders support server for the mods of Shino Nox/Shay, LeRoiDeTout, Kuttoe and myself. I'd love to see you there!
Grab the update here on the main post!