A crypto entrepreneur was arrested Friday after a vacationer from Italy advised police he was tortured within the suspect’s luxurious condominium in New York Metropolis for greater than two weeks, in line with police.
The alleged sufferer, 28, advised police he arrived in New York from Italy on Might 6 and went to the house of the suspect, recognized by police as John Woeltz.
Woeltz, 37, allegedly took the person’s passport and tortured him earlier than he was in a position to escape Friday morning, working to a visitors enforcement officer for assist, police stated. The alleged sufferer was taken to the hospital, police stated.
Crypto entrepreneur John Woeltz is proven throughout a perp stroll after being arrested on Might 23, 2025, in New York.
WABC
The suspect made his preliminary look in court docket Saturday the place he was held with out bail on fees of kidnapping, assault and illegal imprisonment. He didn’t enter a plea.
The alleged sufferer advised police that Woeltz and one other particular person, who has not been apprehended, beat him, used electrical shock and hanged him off a ledge after he refused to supply his bitcoin password, in line with the legal criticism.

Police tape is proven on the scene on Might 23, 2025, in New York, the place a cryptocurrency entrepreneur allegedly tortured a person for weeks.
WABC
When police responded to the house, they discovered a number of Polaroid footage of the alleged sufferer being tied up and tortured within the suspect’s SoHo condominium, in addition to a number of torture gadgets in view, in line with police sources.
A gun was recovered within the residence, police stated.