Reports are just coming out of a major fracas at Wikipedia over a senior editor with bogus credentials. The thrust of the story is not that the editor had bogus credentials, but that he was almost at the top of the Wikipedia tree
Orlowski has a long article in El Reg as well which says
An assiduous editor with the nickname "Essjay", the 24-year old Jordan passed himself off as an older and more mature character: a Professor of Theology with two PhDs - these impressive credentials even winning him fame in a New Yorker feature. The deception did little to stop Jordan's meteoric ascent. Wales appointed Jordan to "ArbCom", Wikpedia's Supreme Court, and even found him a position at his own commercial venture, Wikia Inc.
The Reg article includes a nice quote from a Wikipedia editor - DMOZ revisited if ever I saw it
We've stopped being an encyclopedia. We've stopped using common sense. We've taken our eye of the big picture and focused on ourselves, our myopic power games, our petty process, and our internal need to keep every one in line. We count sources to determine notability - because we need objective rules. Never mind the fact it is absurd. We fight little wars with [[Daniel Brandt|monsters of out own imagination]]. Never mind the fact they cheapen us. We care not for the damage we do to the real world and its real people, or potential we miss, as long as we can make little rules and have little people follow them.