David Liptak, Embezzlement, Connecticut 2015

A brazen scheme to embezzle over $100,000 from his employer has landed David Liptak, a 50-year-old Milford resident, behind bars. Liptak was sentenced to 10 months in prison, followed by three years of supervised release, for his role in the embezzlement scheme.

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.

Liptak was ordered to report to prison on February 23, 2015. He was also ordered to pay full restitution and a fine of $3,000.

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

In a statement, U.S. Attorney Deirdre M. Daly said, “The sentence imposed today reflects the seriousness of the defendant’s crimes and the need for accountability in our community.”

Liptak’s crimes are a stark reminder of the importance of corporate accountability and the need for vigilance in preventing embezzlement schemes. As this newspaper has consistently reported, embezzlement is a pervasive problem in our state and our nation.

We will continue to shine a light on these crimes and hold perpetrators accountable. In the meantime, we urge all employers to take steps to prevent embezzlement, including implementing robust internal controls and conducting regular audits.

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