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Grand Jury Indicts Crypto Investor in SoHo Torture Kidnapping; NYPD Detectives Under Internal Investigation

Prosecutors contend the duo tortured an Italian trader for weeks in a SoHo townhouse to force him to hand over his Bitcoin password

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)
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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

Overview

  • John Woeltz was indicted by a Manhattan grand jury on charges including kidnapping, assault and unlawful imprisonment and is due for arraignment on June 11 while held without bail.
  • Co-defendant William Duplessie surrendered on May 27, pleaded not guilty to multiple charges and awaits his own indictment after allegedly helping orchestrate the abduction.
  • Prosecutors allege Woeltz and Duplessie bound, beat, electrocuted and dangled the 28-year-old victim from a staircase over 17 days to compel him to reveal his Bitcoin password.
  • A search of the luxury SoHo townhouse uncovered Polaroid photos of the victim’s torment, body armor, night-vision goggles, chicken wire, cocaine and other implements of torture.
  • The NYPD’s Internal Affairs Bureau is investigating two detectives who worked off-duty security for the suspects; both officers have been placed on modified duty pending the outcome of the review.