An anonymous reader writes "PayPerPost venture capitalist and board member Dan Rua defends the ethics of paid editorials. He claims PayPerPost is 'good for the internet' and is not simply blackhat SEO. Rua states that PayPerPost has blown past its milestone of 15,500 bloggers, and is earning hundreds of thousands in monthly revenue. He describes PayPerPost's most viral product yet — ReviewMyPost — which pays people to link to paid posts. The LA Times accuses PayPerPost of paying bloggers to make up fictional testimonials. For instance, the Times reports that a law firm is using PayPerPost to pay bloggers to write that a certain birth control patch is killing and injuring young women. Rua does not deny these claims, but simply states they are the exception and not the rule. How long before the FTC follows through on their promise to enforce blogger disclosure?"