The academic publishing industry is grappling with a surge in fake studies, leading to significant financial losses and the closure of multiple journals. Wiley, a prominent science publisher, has been particularly affected, retracting over 11,300 papers in the past two years and planning to shutter 19 journals due to rampant fraud. This crisis highlights systemic issues within the incentive structures of science journals and academia, which are not aligned with truth-seeking. The frequency of research misconduct, data fabrication, and other unethical practices is alarming and appears to be on the rise. The Wall Street Journal, with reporting by Nidhi Subs, notes that publishers are losing millions of dollars.