Instead of such overwhelming defensiveness of the iPhone, honestly I was expecting an intelligent response, something along the lines of the virus cannot spread within the phone, because of the sandbox / isolated userspace each app operates in. therefore deleting the email account will remove any malware, then it should be safe to re-enable the account.
Thinking about that as a possible solution, maybe I'll attempt deleting the account, instead of deleting the whole email app if possible or resetting the iPhone to factory new condition (a last resort IMO).
Obviously within minutes of the first flood of emails sent from my iPhone I changed all important passwords.
The facts; The virus/malware sends only a few outgoing email's, however cc's to many (I've counted 29 others per email). Where the offending virus/malware acquires these addresses is not known for certain at this time, though my instinct says from my primary email account inbox as opposed to my contact list. The outgoing email contains only a link, similar to the link provided in an earlier post, while similar each link has small differences in the address, also my name in the from fuel and as many as 29 addresses of friends and business acquaintances.
Three methods I've used so far to combat the spread or effects of this virus/malware are
first changing email account passwords
next removing outgoing server information from the email account
lastly place the iPhone in Airplane mode
changing email account passwords using another computer doesn't help much, because within say 12 hours of entering the new password in the iPhone's primary email account the flood of email repeats itself.
one other idea I had, change primary iPhone email accounts. if no one has any realistic suggestion am going to attempt creating an email alias to another email account and use it as the primary iPhone account.
Assuming I can maintain my privacy, I'll try to post a screenshot of the results for the disbelievers.