A man pleaded guilty Wednesday to stealing more than $100,000 from his former Westport employer.

David Liptak, 49, of Milford, waived his right to indictment and pleaded guilty before U.S. District Judge Jeffrey A. Meyer in Bridgeport federal court to one count of interstate transportation of money obtained by fraud, according to Deirdre M. Daly, Connecticut's U.S. attorney.

Liptak had worked for Consolidated Management Group of Westport, a business that provides management services to condominium associations, including managing the bank accounts and expenses of the condo groups.

From June 2008 to March 2012, Liptak embezzled approximately $108,000 from CMG, according to a statement from Daly.

Meyer scheduled Liptak's sentencing for Aug. 6, and Liptak faces a maximum prison term of 10 years and a fine of up to $250,000.

This case was investigated by the Secret Service and Westport police, with prosecution led by Senior Litigation Counsel Richard J. Schechter.