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Crypto Investors Denied Bail as NYPD Detectives Investigated in SoHo Torture Case

The NYPD’s Internal Affairs Bureau is examining off-duty security work by two detectives linked to the alleged abduction for a Bitcoin password.

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
John Woeltz, 37, appears for arraignment in Manhattan Criminal Court after he was arrested for allegedly holding an Italian tourist hostage in an apparent scheme to steal the man’s crypto currency fortune in New York City, U.S., May 24, 2025. Curtis Means/Pool via REUTERS/File Photo
John Woeltz, 37, appears for arraignment in Manhattan Criminal Court after he was arrested for allegedly holding an Italian tourist hostage in an apparent scheme to steal the man's crypto currency fortune in New York City, U.S., May 24, 2025. Curtis Means/Pool via REUTERS/File Photo

Overview

  • John Woeltz and William Duplessie remain held without bail after grand jury indictments and face arraignment on June 11.
  • Two off-duty NYPD detectives, including one on Mayor Adams’s security detail, were placed on modified duty as Internal Affairs probes their private security roles with the suspects.
  • The victim, a 28-year-old Italian businessman, told prosecutors he endured 17 days of beatings, electric shocks and threats to force him to surrender his Bitcoin password.
  • Police seized weapons, body armor, drugs and Polaroid images documenting the torture during a search of the Manhattan townhouse.
  • French authorities have announced stepped-up security briefings and emergency support for crypto entrepreneurs and their families in response to similar kidnappings.