Luxury Apartment Crime Shocks SoHo
In a disturbing case that has sent shockwaves through both the crypto and legal communities, a cryptocurrency investor has been charged with the kidnapping and torture of an Italian tourist in New York City. The incident occurred inside a luxury SoHo apartment and has been described by authorities as “sadistic” in nature.
John Woeltz, a 37-year-old crypto investor from Kentucky, was arrested after a 28-year-old Italian businessman managed to escape from captivity.
Victim Held for Over Two Weeks
According to reports from the New York Post and CBS News, the victim traveled to New York expecting to meet Woeltz for business-related matters. However, he was allegedly held against his will for more than two weeks, during which time he was subjected to brutal abuse and psychological torment.
“The victim was bound, electroshocked, pistol-whipped, and drugged in an attempt to force access to his crypto holdings,” investigators stated.
Police found Polaroid photos of the abuse, weapons, and a chainsaw, which Woeltz allegedly used to threaten dismemberment. The aim, authorities believe, was to steal the victim’s cryptocurrency assets.
Escape and Arrest
On May 23, 2025, the victim escaped barefoot and approached a traffic officer for help. Woeltz was arrested shortly after, reportedly wearing a bathrobe. Police recovered multiple weapons from the apartment, and a second suspect, 24-year-old Beatrice Folchi, was also taken into custody.
Woeltz has been charged with first-degree kidnapping, unlawful imprisonment, and assault. Folchi faces similar charges.
Community Reaction
SoHo residents expressed deep concern, with many shocked that such a crime could occur in an upscale area. Some neighbors reported sensing “strange activity” but were unaware of the gravity of the situation.
“This case reminds us of the dark side of digital finance when greed meets crime,” one local resident commented.
Crypto Crimes on the Rise
The incident adds to a growing list of criminal cases involving cryptocurrency. With the rise of decentralized assets, bad actors are increasingly targeting high-net-worth individuals through coercive and violent means.
Authorities warn crypto holders to be vigilant, especially when meeting unknown parties linked to financial deals.
Conclusion
This tragic case underlines the risks associated with the crypto industry, especially when large sums of digital currency are involved. As the investigation continues, it serves as a stark reminder of the importance of personal security and due diligence in the digital finance era.