Close Menu
News JournosNews Journos
  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Turkey Reports
  • Money Watch
  • Health
Editors Picks

Judge Rules Trump Administration Can Continue Detention of Mahmoud Khalil Over Green Card Application Fraud

June 14, 2025

Nationwide Protests Erupt Against Trump and Musk

April 5, 2025

Trump Nominates Georgia State Senator for U.S. Treasurer Position

March 26, 2025

Democratic Rep. Thanedar Halts Impeachment Push Against Trump

May 14, 2025

Trump Tariffs Expected to Affect Apple and Google Supply Chains Outside China

April 3, 2025
Facebook X (Twitter) Instagram
Latest Headlines:
  • Marine Veteran’s Wife Detained by ICE, Children Left in Confusion
  • Autoimmune Conditions Linked to Increased Risk of Depression and Anxiety
  • Trump Engages with NATO Leaders Following Praise for Iran Policy
  • Trump Judicial Nominee Accused of Pressuring to Disregard Court Order, Says Whistleblower
  • China’s Li Calls for Trade to Remain Separate from Political and Security Concerns
  • Jeff Bezos and Lauren Sanchez Set to Marry This Week: Key Details Revealed
  • Bobby Sherman, 1960s and ’70s Teen Idol, Passes Away at 81
  • Satellite Images Show Damage to Iran Nuclear Sites Following US Strikes
  • Speaker Johnson Declares War Powers Act Unconstitutional
  • Grandmother Self-Deports After Intensified ICE Raids in L.A.
  • Can the Interests of Air Passengers and Airlines Be Balanced?
  • Ranked-Choice Voting May Delay NYC Democratic Mayoral Primary Results
  • Trump’s Strikes on Iran Delay Nuclear Program by Months, Initial Assessment Reveals
  • Major Forest Fires Affect Seven Provinces; Air and Land Operations Ongoing
  • Bodies Discovered in Mediterranean Sea Off Spain with Tied Hands and Feet
  • Altman Critiques Iyo Lawsuit as OpenAI Withdraws Blog Post on Ive Agreement
  • Justice Department Whistleblower Alleges Senior Officials’ Obstruction of Judicial Decisions
  • Anthropic Secures AI Copyright Victory Amid Piracy Allegations
  • Google’s Search Functionality at Risk in UK Amid CMA Regulatory Actions
  • FedEx Reports Q4 2025 Earnings Performance
Facebook X (Twitter) Instagram
News JournosNews Journos
Subscribe
Tuesday, June 24
  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Turkey Reports
  • Money Watch
  • Health
News JournosNews Journos
You are here: News Journos » Money Watch » Bitcoin Investor Allegedly Tortured for Weeks in NYC Home
Bitcoin Investor Allegedly Tortured for Weeks in NYC Home

Bitcoin Investor Allegedly Tortured for Weeks in NYC Home

News EditorBy News EditorMay 30, 2025 Money Watch 5 Mins Read

Authorities have uncovered shocking details in a brutal bitcoin torture case that unfolded in New York City. The victim, an Italian man, managed to escape his captors in Manhattan’s upscale SoHo neighborhood earlier this month after enduring weeks of torment. Two suspects, identified as John Woeltz and William Duplessie, have been arrested and charged with serious crimes, including kidnapping and assault, as investigators reveal the extent of the horrific ordeal.

Article Subheadings
1) The Victim’s Escape
2) Arrest of the Suspects
3) Horrific Conditions of Captivity
4) Involvement of NYPD Officers
5) Reaction and Investigation

The Victim’s Escape

On May 23, the unidentified 28-year-old Italian man successfully escaped from his alleged captors after a harrowing experience that lasted over two weeks. The ordeal began on May 6 when he was reportedly lured to New York City with a promise of having his stolen bitcoin returned. Once in the SoHo townhouse, however, his situation took a perilous turn.

The escape unfolded when the victim feigned compliance by indicating he would provide his bitcoin wallet password, claiming it was stored on his laptop. As John Woeltz went to retrieve the laptop from another part of the house, the victim seized his chance and bolted from the property, barefoot and bloodied. He eventually encountered an NYPD traffic agent nearby, who promptly notified the police about the terrifying incident.

Arrest of the Suspects

The swift actions of the authorities resulted in the arrest of John Woeltz, 37, at the SoHo townhouse. He was charged with kidnapping, unlawful imprisonment, and assault, and is currently being held without bail. The second suspect, William Duplessie, 33, voluntarily turned himself in to the police on May 27, contributing to the ongoing investigation. Both suspects sought to gain access to the victim’s cryptocurrency fortune through threat and intimidation.

According to court documents, the two men had previously threatened the victim’s family, demanding payment in bitcoin, and had lured him to New York City under false pretenses. The meticulous planning laid out by the suspects showcases a calculated attempt to extort money through heinous methods.

Horrific Conditions of Captivity

As investigators delved into the conditions under which the victim was held, they discovered alarming evidence at the townhouse. Items recovered included a saw, body armor, night-vision goggles, crack cocaine, and even photographs depicting the victim in compromising situations. Reports indicate that the suspects brutally tortured the victim during his confinement, shocking him with electric wires and using threats of extreme violence to extract the password to his cryptocurrency wallet.

Testimonies reveal that the victim was subjected to physical and psychological abuse. He was allegedly cut on his legs with a saw, forced to use narcotics, and urinated on by his captors. Amid these horrors, he was also coerced into submitting to humiliating and degrading treatment, including being dangled over the edge of the building and threatened with death if he failed to comply with their demands. This horrific saga exemplifies the lengths to which criminals will go to exploit individuals for financial gain.

Involvement of NYPD Officers

In a troubling twist, it was reported that two NYPD detectives had previously conducted private security work for the suspects. Although there is no evidence suggesting the detectives knew about the kidnapping, this revelation raises concerns about the allegations of misconduct within the police department. One of the detectives reportedly assisted the victim’s arrival in the city and had been placed on desk duty after the incident came to light.

As these detectives face scrutiny, the NYPD has committed to investigating their involvement thoroughly. Authorities emphasized that all city employees, including officers, are expected to abide by the law, and any transgressions would be dealt with rigorously. This incident highlights ongoing concerns regarding accountability and oversight in law enforcement agencies.

Reaction and Investigation

In response to the disturbing allegations surrounding the case, city officials, including the Mayor’s office, expressed shock and condemnation. The press secretary stated, “We are disturbed by these allegations, and as soon as they came to our attention, the officers were placed on modified duty to ensure the integrity of the ongoing investigation.” The severity of the crimes laid out in this case has prompted not just a police inquiry but has reignited discussions on the safety and regulation of cryptocurrency transactions.

The troubling interplay between organized crime and digital currencies has attracted increased scrutiny from law enforcement agencies around the country. The victim’s case serves as a cautionary tale about the potential hazards associated with cryptocurrency dealings, where individuals may find themselves vulnerable to exploitation and violence.

No. Key Points
1 An Italian man was kidnapped and tortured for over two weeks in New York City.
2 The suspects are charged with kidnapping, assault, and unlawful imprisonment.
3 Investigations uncovered numerous items related to the torture at the crime scene.
4 The involvement of NYPD officers has raised serious accountability concerns.
5 City officials have condemned the actions and emphasized the need for law enforcement integrity.

Summary

The brutal bitcoin torture case sheds light on the dangerous crossroads of cryptocurrency and crime, illustrating the extreme lengths individuals may go to for financial gain. With suspects facing significant charges, the victim’s horrific experience underscores the ongoing challenges posed by virtual currencies. Furthermore, the intertwining involvement of law enforcement officials raises pertinent questions about ethics, conduct, and accountability in policing amidst evolving criminal landscapes.

Frequently Asked Questions

Question: What led to the kidnapping of the Italian man?

The victim was lured to New York City under false pretenses by the suspects who promised to return his stolen bitcoin but instead kidnapped and tortured him.

Question: What were the conditions like during the victim’s captivity?

The victim endured brutal conditions, including electric shocks, physical assaults, and psychological torture, aimed at extorting his bitcoin wallet password.

Question: What consequences may the suspects and involved officers face?

The suspects face serious criminal charges including kidnapping and assault, while the involved NYPD officers are under investigation for potential misconduct.

allegedly Banking bitcoin Budgeting Consumer Finance Credit Cards Debt Management Economic Indicators Economic Trends Entrepreneurship Financial Literacy Financial News Financial Planning home Investing investor Market Analysis Money Tips NYC Personal Finance Retirement Saving Side Hustles Stock Market Tortured Wealth Management weeks
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp Copy Link Bluesky
News Editor
  • Website

As the News Editor at News Journos, I am dedicated to curating and delivering the latest and most impactful stories across business, finance, politics, technology, and global affairs. With a commitment to journalistic integrity, we provide breaking news, in-depth analysis, and expert insights to keep our readers informed in an ever-changing world. News Journos is your go-to independent news source, ensuring fast, accurate, and reliable reporting on the topics that matter most.

Keep Reading

Money Watch

Jeff Bezos and Lauren Sanchez Set to Marry This Week: Key Details Revealed

7 Mins Read
Money Watch

Starbucks Updates Pricing for Matcha and Syrups: Key Details Revealed

5 Mins Read
Money Watch

Majority of Americans Believe Six-Figure Income is Necessary for Financial Security

6 Mins Read
Money Watch

Health Insurers Aim to Simplify Prior Authorization for Faster Care Access

6 Mins Read
Money Watch

Ford Recalls Over 197,000 Mustang Mach-E Vehicles for Faulty Door Latches

5 Mins Read
Money Watch

JetBlue to Cease Operations at Miami International Airport

4 Mins Read
Mr Serdar Avatar

Serdar Imren

News Director

Facebook Twitter Instagram
Journalism Under Siege
Editors Picks

Trump Administration Aims to Reduce Federal Contracts

May 27, 2025

Trump Envoy Meets with Putin in Russia

April 12, 2025

U.S. Deportation of Venezuelans to El Salvador: Full List Released

March 20, 2025

Harvard Sues Trump Administration Over Alleged Illegality in Funding Freeze

April 21, 2025

Appeals Court Blocks Trump Administration’s Bid to Restart Mass Federal Employee Firings

May 30, 2025

Subscribe to News

Get the latest sports news from NewsSite about world, sports and politics.

Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

News

  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Money Watch

Journos

  • Top Stories
  • Turkey Reports
  • Health
  • Tech
  • Sports
  • Entertainment

COMPANY

  • About Us
  • Get In Touch
  • Our Authors
  • Privacy Policy
  • Terms and Conditions
  • Accessibility

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2025 The News Journos. Designed by The News Journos.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.