Milford Resident Sentenced To Federal Prison For Embezzling $108k From Employer

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that DAVID LIPTAK, 50, of Milford, was sentenced today by U.S. District Judge Jeffrey A. Meyer in Bridgeport to 10 months of imprisonment, followed by three years of supervised release, for embezzling $108,000 from his employer. LIPTAK also was ordered to pay full restitution and a fine of $3,000.

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.

On May 14, 2014, LIPTAK pleaded guilty to one count of interstate transportation of money obtained by fraud.  He was ordered to report to prison on February 23, 2015.

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

PUBLIC AFFAIRS CONTACT:

U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov