You’re 100% right. They were unable to convince the right folks that they were trustworthy, and they appear to be in a prime position to abuse misplaced trust

You’re 100% right. They were unable to convince the right folks that they were trustworthy, and they appear to be in a prime position to abuse misplaced trust due to some fundamental conflicts of interest, but “known to have intentionally issued false certificates” is a false accusation.