On Thursday, after what police called an intensive two-day investigation, Joseph Bavis Jr., 23, and his father Joseph Bavis Sr., 47, both transients, were arrested.
Bavis Sr. is charged with theft by deception, while Bavis Jr. is facing a conspiracy to commit theft by deception charge.
They were arrested about 7:30 p.m. in a parking lot of a business on Parade Road.
Police said the the Bavises duped at least two individuals into buying a piece of construction equipment called a skid steer loader.
Both are expected to be arraigned today in 4th Circuit Court, Laconia District Division.
The case remains under investigation and additional charges are anticipated.
Anyone with further information should call police at 524-5252 or contact the Greater Laconia Crime Line at 524-1717.