During testimony earlier this week, FBI Deputy Director Sean Joyce claimed that NSA surveillance programs were responsible for thwarting a bomb plot targeting the New York Stock Exchange. When asked whether this was a serious plot, Joyce said, “I think the jury considered it as serious since they were all convicted.”

It turns out there was no jury trial and the suspects cut deals for lesser charges. The FBI has confirmed that Joyce misspoke, but they are standing behind the assertion that the plot was a serious one.

Shepard Smith railed against the revelations on today’s Studio B. “The centerpiece of his statement was the jury convicted them, we saved the Stock Exchange … None of it was true! And he misspoke on the centerpiece of the argument?! The one example of the 50 that they’re holding up for the nation as ‘this is why we collect this data’?!”

Judge Andrew Napolitano agreed, “I hope that the American public learns a lesson from this […] We got a vastly different view from the truth than we should have gotten.”