This action occurred shortly after Scott E. Diamond, a former pivotal figure in the firm, received a sentence entailing half a year’s imprisonment and a three-year probation.
His crime? Concealing case settlements from his fellow partners and illicitly hoarding thousands in legal fees.
Jesse M. Cohen, a former associate, was similarly ensnared in this web, slapped with a three-year probation after profiting from this very scheme.
The ill-gotten gains amounted to a cool $320,000 in fees. To add salt to the wound, Diamond now carries the burden of restitution.
Deals, Allegations, and The House of Cards
Mere days post Diamond’s judgment, Virage threw another punch. They lodged a contract breach allegation against Sacks Weston.
The crux? The law firm’s alleged failure to split proceeds from numerous cases which were, interestingly, previously pledged as collateral for loans. This tale of intrigue can be traced back to 2017.
Andrew Sacks finds himself in the spotlight for purportedly tipping off Virage about diverting a significant portion of his personal wealth, inclusive of two high-value properties in Philadelphia and New Jersey, to kin, in return for negligible compensation. “Effectively ‘judgment proof’,” was how Sacks described himself to Virage, implying the assets were untouchable for loan repayments.
