No, but I think that there is a bigger conspiracy behind the allegations.
Up until the accusations, MJ was one of the biggest stars on the planet, incredibly talented and potentially influential. He couldn't be bought and had money beyond fuck you money. An endorsement from MJ could prop up anything or anyone, but he never did, Atleast as far as I can tell.
I think that is what the allegations ultimately were. MJ held a considerable amount of power as well as the rights to a lot of music. I imagine at some point someone tried to coerce him into doing something and he outright refused, they realised that they had no solid dirt to use against him to they created the molestation allegations to try and get him to play ball with whatever they wanted and MJ stuck it out until their case collapsed.
Alternatively, the abuse allegations were conjured up by Sony Music Entertainment to keep him on board as he famously wanted out of his contract and the freedom to do what he wanted with his music. He stuck to his guns by refusing to make any more music after 2001. SME conjur up a second wave of allegations that ultiately go nowhere and he remains locked in a stalemate with SME until his death.