A college acquaintance who became a Broward real estate attorney went to Federal jail for 1½ years, as he was the only one of 20 real estate attorneys who pled "not guilty" to these charges. I don't know what happened to the others.
The judge said he had to get out of his RE-attorney business, so his old firm was bought by a friend, and he was hired there as a "law clerk" at a $200K annual salary.
(Federal Court / Broward County, FL., about five years ago.)
I didn’t mean that I saw this as an accountant involved in the deals. I saw friends and family members obtain the fraudulent loans with fake appraisals. I saw foreclosures where crooked bankers didn’t do proper paperwork and the banks lost money. Their CPA and lawyer friends bought up the foreclosed property for nearly nothing and sold it for big profits.