Connecticut – Westport Embezzlement Brings 10-Month Prison Term

WestportNOW.com: Westport Embezzlement Brings 10-Month Prison Term
And a lawsuit filed by Community Association Underwriters of America Inc. said more than $1 million was missing from the bank accounts of eight condominium associations that Consolidated manages.
January 7, 2015

A Milford man employed as comptroller for a Westport property management company was sentenced today to 10 months in prison after pleading guilty to federal fraud charges in connection with embezzlement of approximately $108,000, prosecutors said.

U.S. District Judge Jeffrey A. Meyer in Bridgeport ordered David Liptak, 50, to undergo three years of supervised release following his imprisonment. He also was ordered to pay full restitution and a fine of $3,000.

LIptak had entered the guilty plea before Meyer in Bridgeport last May 14. (See WestportNow May 14, 2014) The formal charge of one count of interstate transportation of money obtained by fraud could could have brought a maximum 10-year prison term and a fine up to $250,000.

Prosecutors said Liptak was employed by Consolidated Management Group (CMG), 1555 Post Road East, which manages accounts for condominium associations, including Westport’s Whitney Glen Condominium and Strathmore Lane Condominium Association.

According to court documents and statements made in court, from approximately June 2008 to March 2012, Liptak embezzled approximately $108,000 from CMG.

A lawsuit filed by Whitney Glen against Liptak in September 2012 alleged it was missing $230,000. Strathmore Lane Association said it was missing more than $330,000, according to published reports.  Read more:

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