What is scary about this is that iAcquire was deindexed by Google for something that they did to a client's site. Their own site was penalized despite having no violations of Google's Webmaster Guidelines.

These ridiculous penalties by Google have already opened the floodgates for negative SEO. This penalty proves that you can pay somebody to build spam links into another site, write a blog post 'outing' them for this practice and then Google might remove them from the index.