A mother and son duo are banned from working in securities in Missouri after scamming an elderly woman out of more than $200,000 with bogus real estate investments and promises to operate an animal shelter in her name, according to Secretary of State Jason Kander.
Google Maps The Albin Avenue home Mark Kistler bought with the victim's money and now lives in rent-free.
Marylin H. Kistler and Mark A. Kistler of St. Louis convinced the 89-year-old victim to take out a $110,000 home equity loan, buy three properties to rehab and sell her car and stock to finance moving into a low-income, assisted-living facility, even though the woman didn't want to leave her home, according to the cease-and-desist letter from the secretary's office.
The unidentified woman first met the Kistlers when she was a medical patient of David Kistler, Marylin's husband and Mark's father, in 1986. Mark started driving the victim to appointments and running errands for her as a teenager, and Marylin was a nurse at the office.More »