A competitor of mine is gaming the system. A look at their links and its easy to see. The question is what to do about it. They have risen very quickly to the first page and are paying someone to do SEO for them. Based on the way it is done ( a blog network of unrelated sites to the niche ) I am willing to bet the SEO is coming from overseas.
Should I wait for Panda to catch them assuming it does or report them directly to google. This Seo company is doing anchor text on the home page of each blog and there are 100's of them. They are also doing it for many others in different niches. I cant stand a cheater play fair or go home. As I see it they are buying links or is this just the way its done these days.