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Michael Jackson was acquitted and the outcome of the trial was in serious doubt up until the announcement. It's not as though his case went away on a motion to dismiss, motion for directed verdict, anything like that. A jury deciding that evidence was insufficient just means that the prosecution didn't meet their burden to get him convicted criminally.
None of the above is me giving much of an opinion on the Jackson case since I didn't really pay attention to it. But I'm under the impression that it isn't correct to say that the claims against him were proven false. He, too, settled civil claims out of court...which is not a smoking gun proving guilt, granted, but seems like a relevant fact anyway.
I didn't pay close attention to it either, but I remember the media reporting it as if it was likely a slam dunk guilty verdict. I mean, everyone thought he did it. It wasn't until years later that I read legal analysis of the case and saw what an absolute joke it was. It was arguably the worst set of witnesses ever compiled in a high profile case. I've subsequently began to doubt if he even did anything to these kids.
I haven't been following the Cosby case either, but it seems like every time I pop in this thread I see people saying "if 17 people say the same thing it has to be true". I don't think that's enough. People have been known to come out of the woodwork and pile on in these instances when they see huge payoffs and smell blood in the water. And the MJ case is what makes me skeptical. I invite anyone to research that case and see what you think.