The latest edition of CloudTech’s look at the best links from around the web has a slightly nefarious tint to it, with stories of scammers, snoopers and sham artists. Thankfully though, there are some good news stories further down, proving good things come to those who wait.

1)  Beware: The cloud’s Ponzi schemes are here [Infoworld]

David Linthicum, writing for Infoworld, sheds light on an announcement by the U.S. Securities and Exchange Commission, who killed off a worldwide pyramid scheme targeting Asian and Latino communities in the US and abroad, promising return on investment for purchasing cloud computing services.

“Investors were told they would receive ‘points’ for making investments or enrolling other investors,” a release from the SEC explained. “The points would be convertible into equity in initial public offerings of high-tech companies their money would help launch.”

Did these philanthropic companies stick to their word? Of …