Unless that was an accident, then it was the worst idea ever.
I found a work around, sort of.
use the website to redo items, then in game hit esc, then choose faction, then when it shows you the gear, hit "reset to default" then go back in game. Multiplier remains, but I have only tested doing this while I am dead and round is still going...
Better then exiting the server and going back in as some people were doing, blegh.