Wikipedia's affiliate marketing entry includes the following sentence: "Although many affiliate programs have terms of service that contain rules against spam, this marketing method has historically proven to attract abuse from spammers."
This is very true — affiliate marketing methods definitely attract abuse from spammers.
Our recent posts on Facebook and YouTube spam linked to cost per action (CPA) affiliate networks. We've come across affiliates from several CPA incentive networks while investigating social networking spam, and one of the more interesting companies that we frequently see abused is CPAlead.com.