Published: Apr 15, 2014 11:40 AM EDT

LEE COUNTY, Fla.- A Collier County man accused of racketeering, money laundering, and extortion appeared before a Lee County judge this morning.

Thomas Welch, 48, was busted as part of an FDLE investigation.

Last week, federal agents raided his home, taking computers and papers as evidence. He was wanted in Lee County, and brought back here, where this morning a Lee County judge set bond at $245,000.