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You are here: News Journos » Top Stories » Crypto Investor in NYC Charged with Kidnapping and Torture of Italian Tourist
Crypto Investor in NYC Charged with Kidnapping and Torture of Italian Tourist

Crypto Investor in NYC Charged with Kidnapping and Torture of Italian Tourist

News EditorBy News EditorMay 24, 2025 Top Stories 6 Mins Read

In a shocking incident that has captured public attention, two individuals were arrested in New York City on Friday for their involvement in the kidnapping and alleged torture of an Italian tourist. The primary suspect, John Woeltz, aged 37, faced serious charges, while a second individual, 24-year-old Beatrice Folchi, was also apprehended but later released pending further investigation. Prosecutors have revealed harrowing details of the victim’s ordeal, indicating a grim scenario involving threats, violence, and coercion.

Article Subheadings
1) Details of the Arrests
2) Graphic Details of the Victim’s Ordeal
3) The Suspect’s Background
4) Community Reactions
5) Ongoing Investigation and Legal Proceedings

Details of the Arrests

Police arrested John Woeltz in the SoHo neighborhood of New York City on Friday. As he was escorted from a residence located at 38 Prince St. by NYPD officers, he appeared disheveled, barefoot, and clad in a white bathrobe. Authorities later charged him with multiple offenses, including two counts of second-degree assault and one count each of first-degree kidnapping and unlawful imprisonment, augmented by a charge of criminal possession of a firearm. During his arraignment on Saturday, the court deemed him a flight risk, leading to a decision to keep him in custody and to mandate the surrender of his passport.

In addition to Woeltz, police arrested Beatrice Folchi on Saturday. Although she was charged with first-degree kidnapping and unlawful imprisonment, the Manhattan District Attorney’s Office later announced that they would not pursue charges against her. They stated this decision would be reevaluated pending further investigation, leaving questions about her involvement unanswered.

Graphic Details of the Victim’s Ordeal

The horrifying facts surrounding the case began to unfold following a criminal complaint documented by law enforcement. The victim, an Italian national, had arrived in the U.S. on May 6 and was enticed to Woeltz’s residence under false pretenses, believing he would recover Bitcoin that he had previously been compelled to send to Woeltz under duress. Once he arrived at the apartment, he was reportedly restrained and subjected to severe physical abuse over several weeks.

In a harrowing escape on Friday, the victim managed to flag down a nearby traffic agent, who promptly called 911. During subsequent interviews with investigators, the victim recounted disturbing details about his treatment, including being shocked with electric wires, having his leg mutilated with a saw, and being forced to consume crack cocaine. This revelation sparked further investigation, leading police to recover a saw from the premises along with disturbing evidence, including chicken wire, ballistic helmets, and photographic materials that depicted the victim in degrading situations.

Additional information disclosed by prosecutors indicated a particularly chilling episode, where the victim was hung over a ledge while being threatened to divulge his Bitcoin password. The extreme nature of the coercion included threats to his life and the safety of his family, all of which added to the severity of the alleged crimes.

The Suspect’s Background

John Woeltz is described as a crypto investor originally from Kentucky, who reportedly pays between $30,000 and $40,000 monthly to rent his New York City apartment. Witnesses in the neighborhood expressed disbelief over the violent incident, asserting that such events were inconsistent with their experiences in the generally tranquil neighborhood.

Describing the chaotic scene during the police response, local resident Molli Sramowicz stated, “We saw police running this way and then there was just a lot of screaming.” Witnesses reported a heavy police presence, including officers with weapons drawn, a SWAT team, and fire trucks responding to the situation, confirming the seriousness of the allegations being investigated.

Additionally, it has been reported that there were two butlers present at the residence at the time of the incident. Investigators are expected to interview them as part of the broader inquiry into the circumstances surrounding the kidnapping and torture.

Community Reactions

The community has been left in shock following the revelations surrounding the incident. Many residents expressed their concerns about personal safety in what is generally viewed as a secure part of the city. Reactions ranged from disbelief to empathy for the victim, as the details of the alleged torture stirred strong emotions among those who heard about the case.

Local responses highlighted the effect of this incident not just on the immediate victims but on the broader community. Many voiced the need for increased vigilance and awareness, emphasizing the importance of reaching out for help in cases of violence and criminal activity. The incident served as a stark reminder of how quickly situations can escalate, prompting an outpouring of support for the victim and calls for justice.

Ongoing Investigation and Legal Proceedings

As legal proceedings continue, the Manhattan District Attorney’s Office is pursuing a thorough investigation into the case. With multiple charges leveled against Woeltz, the legal implications of the incident could be significant. There is an ongoing evaluation of evidence, alongside witness testimonies that may further shape the outcome of the proceedings.

Additionally, as questions loom regarding the role of Beatrice Folchi, authorities remain cautious, emphasizing the importance of thorough examination before any final decisions are made regarding her involvement. The nuances of the case continue to unfold, with both public interest and media focus sharply directed towards the alleged abuses and the legal ramifications for those involved.

No. Key Points
1 Two suspects were arrested in NYC for kidnapping and torturing an Italian tourist.
2 The main suspect, John Woeltz, faces multiple charges, including kidnapping and assault.
3 The victim endured severe abuse, including electric shocks and threats to his life.
4 Community members expressed shock and concern for safety following the incident.
5 The investigation continues as authorities gather evidence and await further testimonies.

Summary

The recent kidnapping and torture case in New York City underscores alarming issues surrounding personal safety, the potential for extreme criminal behavior, and the complexities inherent in legal proceedings. As the case unfolds, both the victim’s ordeal and the suspects’ backgrounds will continue to draw the attention of the public and legal authorities alike, highlighting the urgent need for vigilance and support in combating violence and crime within communities.

Frequently Asked Questions

Question: What led to the victim’s abduction?

The victim was lured to the suspect’s home under the false pretense that he could retrieve Bitcoin he had previously been coerced into sending.

Question: What were the charges against the suspects?

John Woeltz faces charges including first-degree kidnapping, unlawful imprisonment, and second-degree assault, while Beatrice Folchi was initially charged but is not being prosecuted pending further investigation.

Question: How did the victim escape?

The victim managed to escape while the suspects were distracted, fleeing the home and flagging down a nearby traffic agent who contacted the authorities.

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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.

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