Accused crypto-kidnapper held without bail during Saturday court appearance
Share this @internewscast.com

A cryptocurrency investor from Kentucky, who has been charged with kidnapping and torturing an Italian businessman to forcefully obtain his Bitcoin password, was denied bail by a Manhattan judge on Saturday.

John Woeltz is facing serious charges including first-degree kidnapping, first-degree unlawful imprisonment, second-degree assault, and possessing a weapon criminally. These allegations relate to a reported two-week-long detainment in Soho.


Suspect John Woeltz being escorted by police officers from Manhattan's 5th Precinct to Manhattan Central Booking on a Friday night
John Woeltz is a Kentucky-based cryptocurrency investor, accused of kidnapping and torturing an Italian businessman in an attempt to extort his Bitcoin password. David Burns

The judge in Manhattan Criminal Court approved the request from the Manhattan District Attorney’s office to keep Woeltz, 37, held without the possibility of bail. Additionally, Woeltz is required to surrender his passport, as stated by authorities.

The victim, 28, broke out of the house of horrors Friday morning and reported his sick abuse and imprisonment to a police officer, law enforcement sources said.


A cryptocurrency investor from Kentucky is suspected of torturing an Italian tourist with a chainsaw in a sadistic, weeks-long extortion attempt to gain the password for his accounts at a ritzy Manhattan apartment
John Woeltz will face charges of first-degree kidnapping, first-degree unlawful imprisonment, second-degree assault, and criminal possession of a weapon Michael Nagle

Several Polaroids at the luxurious Prince Street pad – which Woeltz was allegedly renting for $30,000 to $40,000 a month – showed the victim being tied up with electrical wire and tortured, as well as one of him bound to a chair with a gun pointed at his head, the sources said.

He was also tased while his feet were put in water, pistol-whipped, forced to take cocaine and threatened to have his limbs chopped off with an electric chainsaw while being held captive, according to the sources.

First-degree kidnapping is a felony in New York and can carry a sentence of up to 25 years behind bars.

This is a developing story. 

Share this @internewscast.com
You May Also Like

Three people perish in small plane crash off California coast, officials report

MONTEREY, Calif. (AP) — All three individuals aboard a small twin-engine airplane…
Chicago police release surveillance images of SUV in Pilsen hit-and-run that killed Marcela Herrera

Surveillance Images of SUV Released by Chicago Police in Pilsen Hit-and-Run Killing Marcela Herrera

CHICAGO (WLS) — Chicago police have shared images of an SUV sought…
How Shane Tamura carried out heinous Midtown attack

Shane Tamura’s Role in the Disturbing Midtown Incident

NYPD Commissioner Jessica Tisch laid out a timeline of how Shane Tamura…
'The Golden Girls' celebrates a milestone anniversary with fans across the country

Fans nationwide celebrate a significant anniversary of ‘The Golden Girls’

Happy 40th anniversary to “The Golden Girls.” The cherished comedy featuring Bea…
Jet plane flying low over a crowded beach.

Frightening Scene as Tourists Shout While Fighter Jet Performs Daring Low Flights and Aerobatics above Spanish Beach

THIS is the terrifying moment tourists screamed in horror as a fighter…
DCPS substitute teacher arrested, accused of having guns, ammunition on campus

VP of Jacksonville Teachers’ Union to Admit Guilt in $1M Fraud Scheme

Ruby George, aged 81 and the retired executive vice president of Duval…
Portland anti-ICE demonstrators confused when person in full-size Elmo costume shows up

Portland Anti-ICE Protesters Surprised by Appearance of Full-Size Elmo Character

An individual dressed as Elmo was recorded provoking protesters at a U.S.…
Ian Brady and girlfriend Myra Hindley murdered five children between 1963-65

Who were the people targeted by Moors murderers Ian Brady and Myra Hindley?

The heinous acts committed by Ian Brady and Myra Hindley remain notorious…
Cancer survivor reveals fitness trick as he swims 10K across Long Island Sound

Cancer survivor shares fitness secret after completing 10K swim across Long Island Sound

The Long Island Sound stretches a whopping 110 miles, from New York…
Cincinnati mayoral candidate, VP Vance's half-brother, slams city leadership after brutal beatdown

Cincinnati Mayoral Contender, Half-brother of VP Vance, Criticizes City Officials Following Violent Assault

CINCINNATI – A contender for Cincinnati’s mayoral position criticized the city’s administration…
Renaming of military bases stirs debate over Confederate ties

Military Base Renaming Sparks Discussion on Confederate Links

In 2023, amid a national reckoning on issues of race in America,…
Cambodian military truck with rocket launcher driving away.

Thailand and Cambodia Implement Unconditional Ceasefire Following Trump’s Directive After Intense 5-Day Conflict

THAILAND and Cambodia have struck a ceasefire set to begin at midnight…