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Feds: Milford Man Embezzled More Than $100,000 from Westport Firm

The 49-year-old now faces up to 10 years in prison and a $250,000 fine after pleading guilty to stealing tens of thousands of dollars from his employer, Consolidated Management Group.

Credit: Patch file photo
Credit: Patch file photo
A Milford resident has admitted to embezzling more than $100,000 from his Westport-based employer, according to the U.S. Attorney for the District of Connecticut's office.

David Liptak waived his right to indictment and pleaded guilty Wednesday to one count of interstate transportation of money obtained by fraud during court proceedings in Bridgeport on Wednesday.

According to court documents and statements made in court, Liptak was employed by Consolidated Management Group of Westport. 

"CMG provided management services to condominium associations, including managing the bank accounts and expenses of the associations," Tom Carson, the spokesman for CT's U.S. Attorney's office, stated in a press release. 

Carson reports that from about June 2008 to March 2012, Liptak embezzled some $108,000 from CMG.

Judge Meyer scheduled sentencing for Aug. 6 at which time the Milford man 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.
Tamari Witkin Marcus May 15, 2014 at 09:08 AM
this is frightening

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