NATIONAL NEWS

2 men plead not guilty in New York crypto kidnapping and torture case

Jun 11, 2025, 9:04 AM | Updated: 2:26 pm

New York police officers arrest John Woeltz, Friday, May 23, 2025, in New York, who was charged wit...

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)
Credit: ASSOCIATED PRESS

(AP Photo/Kava Gorna via AP)

NEW YORK (AP) — Two crypto investors pleaded not guilty on Wednesday to charges they kidnapped and tortured an Italian man for his Bitcoin in an upscale Manhattan townhouse.

William Duplessie and John Woeltz were ordered held in custody until their next court date on July 15 during their arraignment in Manhattan criminal court.

Their lawyers had sought their release on $1 million bail and home confinement with their parents.

They argued the victim wasn’t in distress during his time in New York, saying they had obtained video and photo evidence showing the accuser smiling and laughing during the time of his purported captivity.

Among the evidence the lawyers said they have obtained are photos of the accuser moving freely in and out of the house, even taking a trip to an eyeglass store with one of the defendants.

“This narrative is entirely false,” said Sam Talkin, Duplessie’s lawyer. “The story that he is selling doesn’t make sense.”

Prosecutor Sania Khan argued that someone supporting the defendants was selectively leaking videos to present a counternarrative of the events

“Victims of abuse are not always going to act the way that we expect them to,” she added.

Duplessie and Woeltz, who appeared in handcuffs and prison uniforms, didn’t speak in court other than to formally enter their pleas.

They face charges of kidnapping, assault, unlawful imprisonment and criminal possession of a weapon.

Prosecutors say on May 6, the two men lured the victim, who they knew personally, to a posh townhouse in Manhattan’s Soho neighborhood by threatening to kill his family.

The man, a 28-year-old Italian national who has not been named by officials, said he was held captive for 17 days.

He said the two investors tormented him with electrical wires, forced him to smoke from a crack pipe and at one point dangled him from a staircase five stories high.

The man said he eventually agreed to hand over his computer password, then managed to flee as his captors went to retrieve the device.

Woeltz, 37, has described himself as a blockchain investor who spent time in Silicon Valley before returning to Kentucky’s burgeoning crypto-mining industry.

Duplessie, 32, is listed as a founder or investor at various blockchain-based companies.

New York City police are also investigating two detectives who worked security at the townhouse where the man says he was tortured.

The officers have been placed on modified leave pending the outcome of the inquiry, although their lawyer has said there’s no indication either officer witnessed any of the alleged criminal activity.

___

Follow Philip Marcelo on X: .

National News

Associated Press

Iowa governor rejects GOP bill to increase regulations of Summit’s carbon dioxide pipeline

DES MOINES, Iowa (AP) — Iowa Gov. Kim Reynolds on Wednesday rejected a bill that could have introduced more complications for a massive carbon-capture pipeline project routed across several Midwestern states, issuing a rare veto in the Republican-controlled statehouse. The legislation was designed by Iowa House Republicans to increase regulations of Summit Carbon Solutions’ estimated […]

5 minutes ago

House Speaker Destin Hall stands amid other representatives as they discuss the North Carolina Hous...

Associated Press

Permitless concealed carry in North Carolina faces uphill battle after some GOP pushback

RALEIGH, N.C. (AP) — A bill to let adults carry concealed handguns without a permit cleared the North Carolina legislature on Wednesday, however the path to joining the majority of U.S. states with similar laws remains uncertain. The GOP-backed legislation faces a likely veto from Democratic Gov. Josh Stein, as well as pushback from a […]

37 minutes ago

FILE - Florida Gov. Ron DeSantis speaks during a campaign event on May 31, 2023, in Salix, Iowa. (A...

Associated Press

Worker who leaked plans to build golf courses in Florida parks files whistleblower suit

TALLAHASSEE, Fla. (AP) — A former worker who leaked information about plans by Republican Gov. Ron DeSantis’ administration to build golf courses and hotels in Florida state parks has filed a whistleblower lawsuit. James Gaddis alleges that the Florida Department of Environmental Protection retaliated against him for sharing details of the proposals, which caused bipartisan […]

56 minutes ago

FILE - A view of one of the faces of North America's tallest peak, then-named Mount McKinley, in De...

Associated Press

Skier caught in an avalanche is the second person to die this season on Alaska’s Mount McKinley

JUNEAU, Alaska (AP) — A skier died after being caught in an avalanche on North America’s tallest peak, officials said Wednesday — the second death of this year’s climbing season on Alaska’s Mount McKinley. Nicholas Vizzini, 29, of Washington state and his climbing partner, a snowboarder, triggered the avalanche high on the 20,310-foot (6,190-meter) peak […]

59 minutes ago

Maj. Gen. Scott Sherman, head of Task Force 51, which is overseeing the deployment of National Guar...

Associated Press

National Guard troops have temporarily detained civilians in LA protests, commander says

WASHINGTON (AP) — National Guard troops already have temporarily detained civilians in the Los Angeles protests over immigration raids, the commander in charge said Wednesday, but they quickly turned them over to law enforcement. Maj. Gen. Scott Sherman also said about 500 of the National Guard troops have been trained so far to accompany agents […]

1 hour ago

Karen Read talks with her defense team before the start of court and the jury is seated during her ...

Associated Press

Defense rests case in second trial of Karen Read for Boston police officer boyfriend’s death

The defense in Karen Read’s second murder trial rested its case on Wednesday, arguing she was framed for the killing of her Boston police officer boyfriend. Read, 45, faces murder and other charges for the death of John O’Keefe, who was found dead in the snow in January 2022 after a night of drinking. Prosecutors […]

1 hour ago

2 men plead not guilty in New York crypto kidnapping and torture case