As automated fact-checking scales on social media, large language model (LLM) verdict scores can look stronger than warranted. One reason is that evaluations mix in information that was not knowable at claim time. Two channels are easy to conflate: outcomes memorized in pre-training and retrieved evidence published after the claim. Yet standard benchmarks rarely separate the two. In this study we measure both channels on AVeriTeC and QuanTemp++ by reconstructing point-in-time evidence conditions and probing for outcome information encoded in model representations. We find substantial evidence of parametric leakage, that can be hidden by the aggregate accuracy, while a simple representation bottleneck reduces this future leakage more efficiently than a mutual-information-based training penalty. We also find that allowing post-claim evidence inflates zero-shot accuracy by 6.3 points in AVeriTeC while the effect is negligible in QuanTemp++, where retrieval provides little post-claim evidence. These results show that misinformation benchmarks can overstate fact-checking performance when they do not account for what information was actually available at claim time.

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