Tamarac Man Takes $25,000 From Elderly Parents in Mortgage Fraud Scheme: BSO - NBC 6 South Florida

Tamarac Man Takes $25,000 From Elderly Parents in Mortgage Fraud Scheme: BSO

Deputies said 49-year-old Ravindranauth Basdeo fraudulently refinanced his parents' property.

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    Tamarac Man Takes $25,000 From Elderly Parents in Mortgage Fraud Scheme: BSO
    Broward Sheriff's Office
    Ravindranauth Basdeo

    A Tamarac man is behind bars after he tried to refinance his elderly mother and father's property without their knowledge, according to a Broward County Sheriff's Office booking report.

    Deputies said 49-year-old Ravindranauth Basdeo made $25,600 from the fraudulently obtained mortgage on his parents property.

    The money was transferred to his mother's Bank Atlantic account and later taken out in two transactions -- the first a $9,000 wire transfer to Basdeo, and the second a $16,000 withdrawal -- according to authorities.

    Investigators later discovered Basdeo's mother did not have the mental capacity to make financial decisions.

    Tommaso Boddi/Getty Images for alice McCall

    Basdeo was placed in custody Tuesday when he arrived at the Fort Lauderdale-Hollywood International Airport on a flight from Trinidad and U.S. Customs Agents discovered he had an active warrant for his arrest.

    Jail records show Basdeo is being held on $35,000 bond on charges of exploitation of an elderly person and an out of state hold for livestock theft.