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Crypto king torture investigation takes surprising flip

newyork-newsBy newyork-newsMay 29, 2025No Comments5 Mins Read
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What to KnowAn Italian man escaped from a home on Prince Avenue in New York Metropolis final week, the place he stated he had been held captive for 17 days and allegedly tortured by two enterprise partnersTwo NYPD members, together with a detective on Mayor Eric Adams’ safety element have been positioned on modified desk responsibility after hyperlinks surfaced to the 2 crypto businessmen charged with kidnapping an Italian vacationer, sources inform Information 4The detective allegedly supplied safety for the Prince Avenue townhouse the place the Italian man was held and it is believed he could have picked up the vacationer from the airport and introduced him to SoHo, sources inform Information 4City Corridor stated it’s “disturbed by these allegations” and the investigation into the officer’s habits is ongoingJohn Woeltz, was arrested in his bathrobe exterior the scene; he’s anticipated in courtroom on kidnap and torture costs, amongst others, on Wednesday. A second suspect, William Duplessie, surrendered in reference to the case a day in the past

Sources acquainted with the case say NYPD brass realized the detective assigned to guard Adams had supplied safety on the Prince Avenue townhouse in Nolita the place crypto businessmen John Woeltz and William Duplessie allegedly tortured and held captive an Italian vacationer for 17 days. Sources consider the detective – working off responsibility for the 2 crypto businessmen – additionally picked up the Italian vacationer from the airport earlier this month. 

An IAB investigation underway is wanting into whether or not the detective could have transported the vacationer to the Prince Avenue townhouse the place he was held. 

It’s unclear whether or not the detective or the opposite NYPD member had any information or involvement within the alleged kidnap and torture plot. A supply acquainted with the case stated that each detectives are on modified responsibility pending the end result of the identical investigation.

It isn’t uncommon for members of the NYPD to moonlight in exterior safety jobs whereas off-duty, although it isn’t identified whether or not this explicit facet gig was authorised by the division.

“Every city employee is expected to follow the law, including our officers, both on and off duty,” Metropolis Corridor stated in a press release. “We are disturbed by these allegations, and as soon as it came to our attention, the officers were placed on modified duty. The investigation is ongoing.”

Woeltz and Duplessie are each being held on a number of costs together with kidnapping.

A second man is about to face a choose after his arrest in a surprising investigation involving cryptocurrency, kidnapping and torture. William Duplessie surrendered to the NYPD on Tuesday, accused of holding an Italian businessman hostage for weeks in an effort to realize entry to his Bitcoin accunt. NBC New York’s Marc Santia studies.

The 37-year-old Woeltz was denied bail following a grand jury indictment Thursday. He has been jailed since his bathrobed arrest Friday exterior the posh rental on Prince Avenue. The choose stated the grand jury indictment would stay sealed till his arraignment, set for June 11. Woeltz did not seem in individual Thursday.

The Italian vacationer, who escaped after giving up his Bitcoin password after a weeks-long ordeal, arrived in New York on Might 6, allegedly lured there by John Woeltz and one other enterprise accomplice. d introduced him to the Nolita house.

Duplessie, surrendered to police earlier within the week and is awaiting his personal indictment.

On Might 6, they allegedly lured the person — whose title has not been launched by officers — to a fancy townhouse in Manhattan’s Soho neighborhood, one of many metropolis’s most costly, by threatening to kill his household.

The person stated he was then held captive for 17 days, as the 2 buyers tormented him with electrical wires, compelled him to smoke from a crack pipe and at one level dangled him from a staircase 5 tales excessive.

He ultimately agreed at hand over his laptop password Friday morning, then managed to flee the house as his captors went to retrieve the gadget. The sufferer made it onto the road, bloodied and shoeless, in line with police.

A search of the townhouse turned up cocaine, a noticed, hen wire, physique armor, evening imaginative and prescient goggles, ammunition and polaroid images of the sufferer with a gun pointed to his head, in line with prosecutors.

Who’s John Woeltz?

Authorities consider Woeltz is a big-name cryptocurrency dealer from Kentucky with an estimated value round $100 million; sources stated the sufferer is value an estimated $30 million. Woeltz had reportedly been renting out the Nolita residence at a month-to-month charge of a minimum of $30,000.

The luxurious six-story pad has an elevator and was described by sources as a “high-end frat house” with bottles of liquor strewn about and stripper poles within the basement. Neighbors stated they may hear loud partying in any respect hours of the evening, however that they had no concept of the alleged torture occurring inside its partitions.

Crypto investigation King shocking Takes torture turn
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