The scary part to me is that he spent time in prison, had to use his savings to pay for a lawyer because he couldn't work, and even though acquitted to anybody who doesn't read all the details it looks the same way as not being acquitted.
I can easily imagine that similar situations happen but for people without enough savings to keep going and even then they may not have as high a profile to have their reputation overshadow the headlines.
I feel like I am just shy of tinfoil hat territory but it's not the craziest thing I have ever though of.