In May 2007, TechCrunch touted Social Media Network, Tagged, as possibly the fastest-growing Social Media site, and touted the fact that it had just become profitable.  Known as a “second-tier” network, along with Orkut, Hi5, Bebo, and Piczo, it was expected that Tagged would soon become a first tier player, ranking with the likes of Facebook and MySpace.

A lot can change in two years, and although Tagged boast 80 Million users, they’ve got their hands full of legal issues at the moment. Yesterday, New York Attorney General Andrew Cuomo charged Tagged with “spamming and stealing identities” from 60 million users.

Tagged’s scam used it’s users contacts to contact people that were not part of the network and sent them emails stating that there were pictures of them posted online, and to see them they would need to log in. Unfortunately, one of the people that received this message was a reporter for Time. Read the rest of this entry »