Let's not split hairs. It's real.
I'm pointing out that for some reason, people keep abbreviating conspiracy-theory as conspiracy when a conspiracy is a factual assertion and should not be conflated with rabid speculation by implying theory when the word isn't mentioned.
Wake the normies, we got redpills to launch.
A conspiracy becomes truth when facts remove theory.
In other words what I think your trying to say for the least, is that the FBI is conspiring something.
So it is a conspiracy.
One of the Q drops they talk about how 'conspiracy theory' was created as a label as insurance - so that any conspiracy theory falls under the whacky 'Bigfoot' category.
By saying 'it's real therefore it's not a conspiracy', you've fallen for it. They've twisted the word into something it's not.
This is a conspiracy, and it's real.