I don't believe that for one bit. Literally anyone can come out the woodworks and say they know someone who knows someone who knows Frank/has listened to the album.
And if he was so worried about over-hype, why did he even tease a July release to begin with? Why give himself and his fans a hard deadline that he knew he couldn't meet? Sounds fake.
The album doesn't exist. The sooner we accept that fact, the better.