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There has been a ton of discussion around inbound links being harmful. I belong to the camp that suggests that NOW there is no way Google can penalize a site for something someone else is doing offsite. If you don't manage comments that could affect you negatively because that is onsite.
About 5 years ago it was possible to sabotage a competitor by dropping a ton of spammy links on them. They would get flagged as spam themselves and either loose rank or get delisted all together. AKA Google Bowling but this was cleaned up by Google within six months of it being publicly exposed.
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Rod Macdonald
Mainstream Ad Agency Owner
ICQ: 607306
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