A New York City story has stirred conservative audiences by exemplifying another case where extreme wealth meets crime, as crypto entrepreneur John Woeltz has been arrested for allegedly torturing his Italian business partner for weeks in his luxury apartment.
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This incident raises questions about law enforcement’s role in combating violent crimes in the financial elite’s world.
John Woeltz, a cryptocurrency investor, faces charges after allegedly abducting a former business associate.
The victim, a 28-year-old from Italy, told police he endured two weeks of torment at Woeltz’s SoHo townhouse.
Woeltz demanded passwords by employing brutal methods, including a taser and chainsaw, one source reports.
Sources reveal Woeltz confiscated the victim’s passport on arrival in New York, keeping him trapped in the posh residence.
A woman involved, Beatrice Folchi, was also charged, pointing to an orchestrated plot.
Law enforcement discovered disturbing evidence: Polaroid photos, weapons, and Polaroid evidence littered the crime scene.
Despite the horror, the victim managed a daring escape, running to a police officer amidst Friday’s morning rush.
Now hospitalized, his condition remains stable, though he sustains injuries that will take time to heal.
A wound on his arm attests to the brutality endured, leaving many questioning how such acts lurk behind closed doors.
“He just looked like a rich guy in a nice bathrobe, clean-shaven, hair was done. It didn’t look like police had a problem arresting him,” one resident said, cited by Reuters.
Residents near Woeltz’s apartment claim strange vibes surrounded the property.
Witnesses frequently saw different individuals entering and exiting, yet never the same faces twice.
Many locals suspected illicit activities beneath the surface and were not surprised when SWAT and police descended on the house that fateful day.
Woeltz now faces charges of second-degree assault, kidnapping, and unlawful imprisonment.
The story does not end here; another male suspect remains on the run, with authorities continuing their investigation into the heinous incident.
Law enforcement’s work is pivotal in ensuring justice prevails for the young Italian man.
Wild story out of NYC: A 37-year-old crypto investor, John Woeltz, has been arrested for allegedly kidnapping and torturing a 28-year-old Italian man for three weeks inside a $30K/month Manhattan townhouse. The victim escaped Friday morning and ran to a traffic agent for help.… pic.twitter.com/ZZdi9CxEmq
— Lauren Conlin (@conlin_lauren) May 24, 2025
