[janesvilleseo]

I had a site that was hacked. Over 250k links were built. They were pointing to a new page on the site. We found out about the hack via Google Webmaster Tools. They sent a notice it was a malware issue.

We cleaned up the hack and 404 the page. To this day, there are still over 100k links that Google says is out there.

The nice part is, there is no indication of any negative action taken by Google.

[pbhjpbhj]

This suggests one could work around the Google penalty by having the bad-links (PHPBB forums in the OP) link to malware pages.

I think you'd call that a high-risk strategy however.