If a mining-diversity portion of the permitted miners decide to collude, they can ignore the target block time parameter and create a fork which is longer than the current chain, to take over the network consensus and reverse previously confirmed transactions.
You can create a faulty transaction using the raw transactions interface (e.g. createrawtransaction). You will find that no node accepts this transaction even via its own sendrawtransaction API, and this same check is applied when looking at a transaction received from a peer.