DENVER (CBS4)– A man indicted earlier this year for racketeering and money laundering has been arrested and charged in connection with a new scam.

Andres Torres, 46, has been charged with theft and faces numerous similar counts as the investigation continues and additional charges are expected.

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The charge alleges that Torres had been advertising a condo for rent on Craigslist that wasn’t his to rent and that he unlawfully collected deposit and rent money.

Torres was released from custody on the new case after his bond was lowered from $750,000 to $2,000. He is scheduled to appear in Denver County Court on Dec. 4 at 1:30 p.m. to be advised of the new charge and Denver District Court on the same day at 8:30 a.m. for arraignment in the racketeering case.

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Torres was indicted last July along with several members of his family, 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.