8 Indicted In $900,000+ Racketeering Scheme
DENVER (CBS4)– A grand jury in Denver has handed down an indictment for eight people in a racketeering scheme that allegedly resulted in more than $900,000 in losses.
The indictment includes many of those from the same family. Andres Torres, Robert Torres, Elena Romero and Monica Quintero Cota were each charged with violating the Colorado Organized Crime Control Act, money laundering, aggravated motor vehicle theft, theft and forgery.
Four additional co-defendants were also indicted on related felony charges in the racketeering scheme that allegedly resulted in more than $900,000 in losses from various businesses and financial institutions.
The defendants, which include three brothers, their mother, one of their daughters and other family members, are accused of forging checks and loan applications, and then using the money for personal gain. They are also accused of using false employment information to secure car loans, creating fraudulent documents to remove the liens and then securing the cars’ titles to resell the cars.
Andres Torres, Robert Torres and Gabriel Torres remain in custody in the Denver Detention Center; they are scheduled to appear in Denver District Court for their first appearance on August 1.
Elena Romero and the other co-defendants have bonded out and are scheduled to appear in Denver District Court on August 4 at 8:30 a.m. for their appearance. Monica Quintero-Cota remains at large.