Crypto Investor Arrested: Two Weeks of Torture in Manhattan Kidnapping

New York City Man Arrested for Kidnapping and Torturing Italian Business Partner A shocking incident unfolded in New York City on May 24, 2025, when 37-year-old John Woeltz, a crypto investor from Kentucky, was arrested for allegedly kidnapping and torturing his 28-year-old Italian business partner. The victim was held captive for more than two weeks in Woeltz’s Manhattan home, enduring brutal treatment. Police believe the motive may be linked to a bitcoin theft. "Woeltz stands accused of a heinous crime," stated an NYPD spokesperson. "The victim suffered greatly during his ordeal." The investigation revealed that Woeltz, the victim, and a third partner had a history of business dealings marred by past violent incidents. The case highlights the dangers of volatile business partnerships and underscores the importance of thorough background checks. The victim is receiving medical care and is cooperating with the investigation.