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AT&T has already taken steps to counter such offenders – by automatically upgrading them to a tether plan in the event they find out a user has been tethering.
Verizon and AT&T block wireless tethering apps on the Android Market, By Ubergizmo.

It’s no big surprise – whether you haven’t realized by now, Verizon and AT&T don’t like you using your phones for tethering functions particularly whether you don’t pay the monthly fee for such services.