As promising as virtual goods utilized by Facebook games have looked to be this past year, there has been a wave of controversy rising over its potential expense. As relationships with virtual goods companies and social games are reportedly yielding boatloads of revenue, consumers, privacy advocates and pundits are taking notice. This past week has proven particularly damaging for several companies participating in virtual goods, as scams are revealed and less than stellar business practices are uncovered or alleged with many of the popular social games on Facebook (i.e. FarmVille, Restaurant City, Mafia Wars, etc.). Read more »