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Crypto Investors Plead Not Guilty to Kidnapping and Torture Charges

A Kentucky raid yielded new evidence in a case now marked by unsealed felony charges alongside allegations of other victims.

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(L-R) John Woeltz and William Duplessie (Curtis Means/POOL)
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 entered not guilty pleas on June 11 and were ordered held without bail until their next court appearance on July 15.
  • Federal agents from the ATF, NYPD and Kentucky State Police executed warrants on June 10 at the duo’s Kentucky estate as part of an ongoing violent crime investigation.
  • A Manhattan grand jury unsealed indictments charging the men with kidnapping, assault, coercion, attempted grand larceny and criminal weapons possession related to the New York abduction.
  • Prosecutors allege the defendants confined Michael Valentino Teofrasto Carturan for 17 days in a SoHo townhouse and subjected him to electric shocks, beatings and other abuse to force him to surrender his bitcoin password.
  • Investigators revealed that Woeltz and Duplessie may have held two other people against their will and have placed two detectives who worked security at the townhouse on modified leave.