NYC crypto dealer accused of Italian man’s kidnap, torture threatened to kill his household to get Bitcoin password: prosecutors

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The 37-year-old Crypto dealer accused of kidnapping a 28-year-old Italian man inside an expensive SoHo condo repeatedly shocked his sufferer with electrical wires, held him the other way up from the highest of a staircase, lower his leg with a noticed and threatened to kill the sufferer’s household — all to get the password to the person’s Bitcoin account, prosecutors stated Saturday.

Manhattan Felony Court docket Choose Eric Schumacher ordered John Woeltz held with out bail on assault and kidnapping costs as police continued to seek for his confederate. He additionally issued a restraining order towards Woeltz, so if he does get out of jail, he can’t go wherever close to his sufferer.

A second alleged confederate, a 24-year-old girl, was arrested late Friday however prosecutors declined to carry costs. Detectives on Saturday have been nonetheless going by way of the Soho dwelling, bringing out giant paper proof baggage.

Prosecutors stated the sufferer arrived within the U.S. on Could 6 and visited Woeltz. The 2 males share pursuits in Bitcoin and cryptocurrency, cops stated.

The extortion plot was uncovered after Woeltz’s sufferer managed to flee his swanky Prince and Mulberry Sts. dwelling in SoHo Friday morning and wave down an NYPD site visitors enforcement agent, who referred to as police.

Responding officers discovered Woeltz within the $30,000-a-month, eight-bedroom condo swaddled in a luxurious white bathrobe.

“The guy comes out in a white bathrobe, barefoot, hands cuffed behind his back, got into a police car,” Ciaran Tully, 64, a vendor who sells pictures on Prince St., informed the Each day Information Friday. “He didn’t look concerned. He didn’t look worried or anything like that.”

Buying and selling in his gown for a white T-shirt, black pants and black and white-striped Adidas slides, Woeltz stated nothing as Assistant District Legal professional Jillian Shartrand laid out the case towards him.

“Upon arriving at the home, [Woeltz and his accomplice] took all of the victim’s electronics and his passport, rendering the victim unable to call for help,” Shartrand stated.

NYPD cops take away John Woeltz, 37 from a house on Prince St. close to Mulberry St. in Manhattan on Friday, Could 23, 2025, after a person claimed he was held towards his will on the location. (Obtained by New York Each day Information)

The 2 sure their sufferer’s wrists and over the subsequent three weeks subjected him to “beatings including but not limited to the use of electric wires to shock him, using a firearm to hit him on the head, and pointing the firearm at his head on several occasions,” Shartrand defined. “[They] used a saw to cut his leg, urinated on the victim, forced him to smoke crack cocaine by holding him down and forcing it into his mouth.”

The duo additionally “tied an airtag around his neck with a chain or wire,” Shartrand stated.  “They [said they] would kill his family and they would find the victim if he left.”

After apprehending Woeltz, cops discovered disturbing Polaroid pictures of him and his confederate torturing their sufferer and holding a gun to his head.

Someday in the course of the sufferer’s seize, Woeltz and his confederate managed to get printed T-shirts of the sufferer smoking crack. The shirts have been discovered within the dwelling, together with physique armor, evening imaginative and prescient goggles, ammunition and ballistic helmets, officers stated.

The crypto dealer refused to speak to police after he was arrested.

“He lawyered up immediately,” a police supply stated.

On Friday morning, Woeltz “carried the victim to the top flight of stairs in the townhouse and hung the victim over the ledge as the defendant threatened to kill the victim if the victim would not provide the defendant with the victim’s bitcoin password,” Shartrand stated.

After being pistol-whipped as soon as once more, the sufferer lastly consented, however stated he wanted a laptop computer, the prosecutor stated.

“When the defendant left the victim to retrieve the victim’s laptop, the victim was able to escape down the stairs,” Shartrand stated. “The victim was bloodied and had no shoes on.”

He was taken to Bellevue Hospital, the place he was handled and launched.

When requesting he be held with out bail, prosecutors stated Woeltz had the means to flee the nation.

“[He] has a private jet and a helicopter,” Shartrand stated.

Woeltz is going through 15 years to life if convicted. His lawyer Wayne Gosnell declined to remark to reporters after the transient arraignment continuing.

Woeltz has been featured as a speaker at a number of cryptocurrency conferences and has “nearly a decade of experience with technology startups in Silicon Valley,” in keeping with on-line profiles.

Woeltz’s mom Joan Woeltz stated her son was an early believer of cryptocurrency and “had been mining Bitcoin from the age of 12.”

Throughout his travels within the crypto world, he had been taken in and corrupted by one other cryptocurrency dealer who systematically remoted him from his household and should have been the mastermind of this scheme, the mom claimed.

“We’ve been concerned about this person entering his life and kind of controlling it,” she stated in an unique interview with The Information. “My household and I’ve been involved for a while for John’s effectively being and what affect he was beneath with these folks.

“We could never speak to John anymore without them being there,” Joan stated, including that the opposite dealer and his cohorts had been influencing her son since December 2023. “It was very sudden. Suddenly this person entered John’s life, and we were suddenly isolated from John.”

Neighbors stated the SoHo townhouse was vacant as of December. Nobody had any concept somebody was being held captive and tortured inside.

“I saw the police,” neighbor Luigi, 37, informed The Information. “It was a surprise.”

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