Former Lexington Resident Sentenced for Pension Plan Theft

A former Lexington resident was sentenced on Wednesday, April 25, 2018 for theft from pension plans. George Hofmeister, 65, was sentenced to 41 months in federal prison for pension plan theft and money laundering. Hofmeister previously admitted that he embezzled money from the Hillsdale Hourly and Salaried Pension Plans. He was the Trustee of the Plans at the time. Hofmeister also admitted that Plans’ assets were diverted for the benefit of his companies and his family’s trusts. He pleaded guilty to the charges in October 2017.

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