MIAMI (WSVN) - A man is behind bars after he is alleged to have taken tens of thousands of dollars from his elderly family’s life savings. He is now charged with several first-degree felonies.
Sixty-seven year-old Rafael Evelio Barcelo is facing first-degree felony charges including exploitation or an elderly/disabled person over $50,000, grand theft from a person over 65, and organized scheme to defraud, according to authorities.
Investigators said Barcelo took responsibility for handling his parents finances, including their retirement money.
Authorities said that after Barcelo’s father suffered a fall in Dec. 2024, his mental and physical state began to decline. At this time, prosecutors said, Barcelo began withdrawing $86,000 from the family’s account.
Miami-Dade State Attorney Katherine Fernandez Rundle held a news conference with Miami-Dade Mayor Daniella Levine Cava to discuss the case on Wednesday afternoon.
“Rafael Barcelo allegedly used his position of trust as the victims’ son and partial caregiver to exploit them by enriching himself and another family member, specifically his son, by withdrawing that $86,000, everything that couple had, everything his parents had from the bank account,” said Fernandez Rundle. “When the parents found out that their son had done this terrible offensive betrayal, they cried.”
Investigators said Barcelo took the savings over a span of a few months. When his parents checked their savings, they ended up withdrawing the remaining amount of approximately $7,000.
“Very distraught, the victims immediately withdrew the only thing they had left, $7,000 from the account left them $70 in their checking account,” said Miami-Dade State Attorney Katherine Fernandez Rundle.
Prosecutors said the case highlights a much larger problem, with Florida ranking second in the nation in the number of fraud victims 60 and older, with prosecutors saying that the group is being targeted because of their savings and fraud viability.
“Scammers are becoming more sophisticated using technology, emotion manipulation and identity profiling,” said Rundle.
The Miami-Dade State Attorney’s Office advised families to look out for warning signs on potential fraud.
Barcelo’s arrest is one of many arrests by the Elder and Vulnerable Adult Exploitation Unit. 11 people in Miami-Dade County have been arrested and charged in the past four years.
“Our parents, our grandparents, our friends, our neighbors and they deserve to age with dignity,” said Cava.
Barcelo’s father is said to have passed away months after discovering his son’s alleged financial misconduct and betrayal.
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