I don't know if you've answered this zeroday, but seriously, what kind of business-person believes a word of what a lawyer or accountant says?
They're advisers and your gut instinct was towards something in the offing. Who earned that money in the first place: certainly not those lawyers or accountants...
When peeps from these professions are 'certain' about anything it should ring alarm bells.
[edit] Forgot to mention, often-times lawyers and accountants are legally obligated to give you a certain answer even though they as a person know it is wrong.