Mother-son business team accused of defrauding elderly woman

3 years 10 months 1 week ago Monday, September 08 2014 Sep 8, 2014 Monday, September 08, 2014 10:33:00 AM CDT September 08, 2014 in News
By: The Associated Press

ST. LOUIS (AP) - A mother-and-son team in St. Louis has been banned from working in Missouri in response to charges they defrauded an 89-year-old woman of more than $200,000.

Secretary of State Jason Kander on Monday issued a cease-and-desist order against Marylin H. Kistler and her son Mark A. Kistler.

The two are accused of convincing the unidentified woman to invest $225,000 in a home repair business that included a $110,000 home equity line of credit on the woman's home.

Mark Kistler reportedly moved into a house purchased with the woman's money after she relocated to an assisted living facility at the request of Kistler and his mother.

State regulators said the woman was a medical patient of Kistler's father.

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