As you can imagine, dealing with low quality products with fake reviews is a challenge -- but it turns out it's not too hard to handle, even with my dataset which is far more limited than Amazon's. Without looking at any reviews or any metadata of reviews (author, count, chronology, etc), one could filter out "impostor" products with 95%+ accuracy.
Here's a neat trick: Next time you're unsure if a product has fake reviews, click on the brand of the product and see what else they sell. If you're looking at binoculars, and that same brand also sells dog food bowls, then maybe you should reconsider.
I've concluded that Amazon really doesn't care about fake reviews -- they will show users whatever listing has the maximum Expected Value (conversion rate * revenue), per your context (search term, category, or both). Even if a product has obvious fake reviews, if there are enough other people buying it it will float to the top, and Amazon is fine with that.