So this strat has been coming out at higher levels as something that certainly works and is incredibly unfun to play vs.
Why does it work:
You get a bounty for having a cs lead over your opponent, if you don't cs your lane opponent will quickly pick up large shut down bounties regardless of gold difference just because of the cs number different.
With frostfang and klepto procs you roughly keep up in gold vs csing, while not adding to a bounty. You also get a 2nd support sightstone item on team, this is really useful amounts of extra vision for your team (pro players always used to buy sightstones)
Lane will always be pushing to you, you are not hitting minions so wave will perma freeze outside your turret, easy set up for ganks plus keeps your opponent losing some minions as well.
You can start csing normally after support item is done with no penalty, allowing for greatly increased gold income throughout the game
So who are the best abusers:
Karma - Always been a good solo laner in top, hard to gank and preduces a huge amount of pressure
Zilean - Just a very strong champion to have on team with solo lane income/xp, has no problems clearing waves after frostfang is done
Sona - Very good at procing klepto with her q-autos, bullies people out lane hard. SCALES REALLY WELL, this may be the best soloq klepto abuser as getting sona solo lane xp is insanely broken as her level 6 and 11 passives are super strong. Can buy sheen to make opponent hate their life even more.
Gangplank - not a support obviously, lets gp safely stay under turret and you start csing normally of course after frostfang done which often works out nicely around q max trinity time.