Despite Alleged Corporate Swindling of Employees, REVSTONE General Counsel Thrives

AmericanSwindlers.com Exclusive (August 15, 2013) - Lexington, KY - As Kentucky businessman and head of the REVSTONE empire George Hofmeister continues to battle the U.S. Department of Labor on charges of alleged defrauded pension and health care benefits of his employees, as well as third party civil claims related to multiple loan defaults, it appears Mr. Hofmeister continues to enrich those most loyal to ...

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REVSTONE Update: Next Shoe Drops, DoL Files More Actions Against Hofmeister & Trustees

An AmericanSwindlers.com Exclusive (June 2, 2013) ‚Äď This past week provided more drama in the ongoing saga related to Kentucky businessman George S. Hofmeister and¬†the matrix of companies under his constructive control,¬†as well as for¬†the business associates he has enlisted to support his activities at REVSTONE, ASCALON, and his family trusts. The United States Department of Labor, having already filed suit ...

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REVSTONE UPDATE: Developing – Major Changes at Plastics Company TriEnda Lexington Logistics

An AmericanSwindlers.com Exclusive (April 22, 2013) - Based on reports from numerous people familiar with the REVSTONE/SPARA thermoforming company TRIENDA (also known as LEXINGTON LOGISTICS), major changes are occurring at the Portage, Wisconsin facility once controlled by Kentucky Businessman George Hofmeister. AmericanSwindlers.com is currently confirming information it has received over the weekend and w ...

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REVSTONE UPDATE: Hofmeister Faces Personal Lawsuit for $5.4 Million

April 1, 2013 - George S. Hofmeister, the Chief Executive Officer of REVSTONE'S controlling entity ASCALON, has been named in a new lawsuit seeking damages of $5.4 million.  Importantly, this new litigation matter targets the Kentucky businessman personally for financial liability, not simply the business entities under Hofmeister's constructive control. Hofmeister, pictured in the lead photo to this story ...

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U.S. Government to Take Control of Metavation Pension Plans

The U.S. Government Agency in charge of guaranteeing workers pensions, PBGC, will take over two pension plans of Metavation LLC, according to a report in the March 5, 2013 Crain's Detroit Business. According to officials with PBGC, the Metavation pension plans are almost 50 percent funded, with $93 million in liabilities and $47 million in assets. The U.S. Department of Labor is currently investigating the ...

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REVSTONE Update: Feds Move to Take Over Metavation/Hillsdale Pension Plan, Insiders Reportedly Preparing for Criminal Charges

March 2, 2013 - Citing a shortfall of approximately $46 million in the Hillsdale Hourly Pension Plan and the Hillsdale Salaried Pension Plan, each administered by ASCALON / REVSTONE controlled METAVATION LLC, the Pension Benefit Guaranty Corporation (PBGC) filed yesterday in federal court to formally terminate the plans and appoint the PBGC as a statutory trustee. The PBGC is an independent agency of the Un ...

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REVSTONE Update: New ‘Alter Ego’ Lawsuit Filed in Federal Court to Penetrate Hofmeister Family Trusts

AmericanSwindlers.com Exclusive - February 21, 2013 - The continuing financial litigation surrounding REVSTONE's controlling executive, George S. Hofmeister, grew more complex this past week as a new lawsuit was filed in federal court against AMERICAN METALS INDUSTRY, a Delaware Corporation allegedly controlled by Hofmeister as an officer or agent. The lawsuit seeks more than $400,000 for failure to pay for ...

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REVSTONE UPDATE: Former Aarkel GM Installed as New Chief Operating Officer at Ascalon Company

AmericanSwindlers.com Exclusive (February 18, 2013) - In a fascinating development in the ongoing financial litigation surrounding ASCALON, REVSTONE INDUSTRIES and their affiliated entities, AmericanSwindlers.com has learned that former AARKEL TOOL & DIE General Manager Michael Ceming was recently installed as Chief Operating Officer at REVSTONE'S Portage, Wisconsin facility TRIENDA (formerly known as L ...

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REVSTONE Update: Creditors Demand Replacement of Controlling Executive

February 6, 2013 - Based on multiple reports this morning, it appears as though the Committee of Unsecured Creditors in the federal bankruptcy action of REVSTONE INDUSTRIES has asked the judge to remove the company's controlling executive George S. Hofmeister and to appoint an independent trustee to manage the affairs of the REVSTONE empire. As reported in previous stories on this site, the Kentucky busines ...

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REVSTONE UPDATE: ‘Crains Detroit’ Runs Thorough Analysis of Revstone/Ascalon/Hofmeister Matter

February 4, 2013 - Credit given to Mr. Dustin Walsh of Crain's Detroit Business periodical for his thorough analysis and reporting of the current financial litigation swarming around REVSTONE INDUSTRIES and its controlling executive GEORGE HOFMEISTER.  As the Kentucky businessman's empire continues to unravel in multiple courts, including federal bankruptcy court in Wilmington, Delaware, Walsh provides a re ...

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