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Crypto Investor Indicted in SoHo Kidnapping and Torture, NYPD Detectives Face Inquiry

He faces kidnapping, assault and unlawful imprisonment charges for allegedly torturing a 28-year-old Italian investor in a SoHo townhouse to obtain his digital keys.

New York police officers arrest John Woeltz, Friday, May 23, 2025, in New York, who was charged with kidnapping, assaulting and holding a man against his will for several weeks in an upscale Manhattan town house.(AP Photo/Kava Gorna via AP)
A view shows the Manhattan town house where William Duplessie and John Woeltz allegedly tortured an Italian man for weeks in an attempt to gain access to his cryptocurrency wallet in New York City, U.S., May 29, 2025. REUTERS/David 'Dee' Delgado/File Photo
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Overview

  • A Manhattan grand jury returned an indictment on May 29 against 37-year-old John Woeltz for allegedly holding Michael Valentino Teofrasto Carturan captive and torturing him over his Bitcoin password.
  • Prosecutors contend the Italian national was lured to a townhouse on May 6 with the promise of recovering stolen cryptocurrency and endured electrical shocks, beatings and being dangled from a staircase.
  • Woeltz has been jailed since his May 23 arrest and was denied bail; he is scheduled to be arraigned on June 11, while William Duplessie surrendered on May 27 and awaits indictment.
  • Searchers of the SoHo residence uncovered Polaroid photos depicting the victim’s abuse alongside a saw, chicken wire, body armor and ammunition.
  • The NYPD placed two detectives, including one on Mayor Eric Adams’ security detail, on modified duty following an Internal Affairs inquiry into their off-duty security work for the suspects.