Well almost. Let’s just have a look at that ruling a little closer:
The television watchdog ruled that the show contains “a high degree of showmanship that puts it beyond what we believe to be a generally accepted understanding of what comprises a legitimate investigation”. As such the show should be taken as produced for entertainment purposes, not to definitively inform the public of real incident of paranormal activity.
So, in other words, it’s not a fraud because only a moon calf would be so dim as to believe it’s anything other than cobblers from beginning to end. Completely vindicated then.