Thanks for the post I found it very useful, while I understand some peoples points that we can all make decisions on if a site is genuine or not sometimes there are situations that this sort of linking becomes very useful - for example I wrote an article about scam sites for World of Tanks and War Thunder (online games) on my blog purely to warn people of the scum out there trying to rip people off. Originally I just linked directly to them, but why give them the SEO advantage? Also it makes me wonder if it can be a SEO disadvantage for our sites to link to dodgy sites?

I am going to go through and update my post with the new links. Thanks again.