Correct, and a NEC violation on top of it. Though I'd submit that it actually taxes the particular phase leg in question, with the resultant voltage sags as a problem.
>>It always amazes me when people at this web-site give advise on subjects they no nothing about. Man I've heard some doozies here when it comes to electrical installations.<<
Amen, a hundred times over... Isolated ground rods, cheater plugs, non-listed AC filtering devices, on and on. I'd rather ask how to cut my own hair here, than wire up "dedicated circuits."