Is the Rip Off Report Legit?

I was recently made aware of an issue that concerns me as a consumer. I read a web release by USWeb that states that the website RipOffReport.com may not be truthfully reporting reports. The web release states:

RipOffReport.com is a worldwide consumer reporting Website & Publication, by consumers, for consumers, to file & document complaints about companies or individuals who ripoff consumers. Unfortunately, the good intentions of this website has lead to controversy and extortion. The Rip Off Report doesn’t check to make sure consumer complaints are legitamite and there has been allegations of The RipOff Report creating fake complaints about companies for the purpose of extortion. Ed Magedson is the owner of RipOffReport.com and it seems like many companies are looking for him and are tying to sue him for posting fraudelent information.

Not only is this damaging to the companies that are being given fradulent reviews but as a consumer this means I don't know what reports to believe. If these practices are truely taking place then I say "Shame on you RipOffReport.com".

There is hope for those companies that have already fallen victom to these extortion practices. USWeb can help... "We have a service that we primarily use for our general Search Engine Optimization clients that has been utilized with pushing RipOff Report rankings back into deeper pages of the search engines very successfuly."