Milford man to be sentenced on embezzlement charges

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced today that David Liptak, 49, of Milford, waived his right to indictment and pleaded guilty before U.S. District Judge Jeffrey A. Meyer in Bridgeport to one count of interstate transportation of money obtained by fraud.

According to court documents and statements made in court, Liptak was employed by Consolidated Management Group (“CMG”) of Westport.  CMG provided management services to condominium associations, including managing the bank accounts and expenses of the associations.

From approximately June 2008 to March 2012, Liptak embezzled approximately $108,000 from CMG, according to a press release from the U.S. Attorney’s office.

Judge Meyer scheduled sentencing for August 6, at which time he faces a maximum term of imprisonment of 10 years and a fine of up to $250,000.

This matter is being investigated by the United States Secret Service and the Westport Police Department.  The case is being prosecuted by Senior Litigation Counsel Richard J. Schechter.