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How accurate are background checks

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I am applied for a job at gulfstream aerospace and they made an offer and I pretty much got the job...all I have to wait on is the background check. I was charged with identity theft(I didnt do it, and have proof) but not convicted. The case is pending still. Is that going to show up in my background check. This happened 2 months ago and 3 weeks ago I got a job with wal mart and they ran my back ground and I passed? Do you think I will pass this one?