Two Crypto Investors Charged in Manhattan Kidnapping and Torture Case
Two American crypto investors are accused of kidnapping and torturing an Italian national, Michael Valentino Teofrasto Carturan, in Manhattan to access his multimillion-dollar Bitcoin fortune. The incident occurred after Carturan arrived in New York on May 6, 2025, to settle a financial dispute with John Woeltz, a crypto entrepreneur.
Details of the Incident
- Carturan was ambushed at a luxury townhouse rented for $75,000 per month.
- He was stripped of his passport and devices, bound, and subjected to torture, including electric shocks and threats with a chainsaw.
- After 17 days of captivity, he escaped on May 23, flagging down an NYPD officer.
- Investigators found evidence including a saw, drugs, and photos of the victim during their investigation.
Suspects and Charges
- John Woeltz faces charges of first-degree kidnapping, assault, unlawful imprisonment, and criminal possession of a firearm; he is held without bail due to flight risk concerns.
- William Duplessie surrendered on May 27 and faces similar charges, also being held without bail.
- A third individual, Beatrice Folchi, was arrested but later released pending investigation.
Broader Implications
This case underscores a rising trend in cryptocurrency-related violence as more investors become targets for their digital assets. Law enforcement is addressing these growing threats as investigations continue, with potential for additional suspects or charges.