Cryptocurrency investor John Woeltz was taken into custody and hit with a slew of charges Friday night.
Posted on 05/24/2025 8:48:45 AM PDT by dennisw
A gang of wealthy 'crypto bros' have been arrested for luring their former business partner to a stunning New York City mansion before torturing him for weeks.
The group are accused of kidnapping the 28-year-old Italian man before committing sickening acts on him in the $75,000-per-month rented brownstone in Soho.
They alleged to have Tazed him, pistol-whipped him and threatened to carve him up with a chainsaw if he did not give up the millions of dollars in his crypto account.
But their plot was foiled when the victim - who has not been named - escaped and flagged down traffic to save him and call the police.
On Friday morning cops swooped on the mansion and dragged out at least one of the suspects, who was draped in a white bath robe.
The victim said the nightmare began on May 6 when he arrived in Manhattan from Italy after being lured by the false promises of an business opportunity.
Instead, he claimed the group confiscated his passport and turned the luxurious apartment into a house of horrors for weeks.
The 'crypto bros' are accused of binding him with electrical cords and other forms of shock torture - including using a Taser while his feet were submerged in water.
The men were also alleged to have pistol-whipped him and threatened to sever off his limbs with an electric chainsaw.
Police said the men took Polaroid photographs of themselves torturing him - one showing him bound to a chair with a gun pressed to his head.
The photos, authorities believe, were likely intended to extort money from either the victim or his family back in Italy.
The men also reportedly forced him into taking drugs - including cocaine - and imposed mental torment upon him, repeatedly insisting he would never escape.
(Excerpt) Read more at dailymail.co.uk ...
Crypto gangsters -thieves tortured a crypto bro to get his password.
These crypto bros deserve serious prison time.
Better story names names:
No names and blurred faces. Ridiculous.
“”the men took Polaroid photographs””
POLAROID? Technology ignorant?
Weeks!!
Two to three weeks in actual time, but the Post makes it sound like forever.
At least they didn’t make him watch The View.
Wonder if they will claim that in this case as well.
I’d give him ten extra years for those ghetto shower shoes.
When you are getting tortured daily, two weeks can feel like forever.
Is the joint available for rent?
Your diabolical ! The View?
Nobody can withstand that torture.
The crypto world is full of gangsters!
Why the heck are they calling these guys ‘the crypto bros’ ? Is that their logo or something? It’s on all their shirts?
There is NOTHING worse and I mean NOTHING WORSE than being forced to watching The Spew
🙂👍
I don’t understand why no one is named.
Very weird.
Do they have some sort of diplomatic cover or what?
Indeed. Even if I were faced with Lawrence Olivier brandishing a dental drill at me, my response would be "Pfft. Is that all you've got?"
There is NOTHING worse and I mean NOTHING WORSE than being forced to watching The Spew
It should be against The Geneva Convention, along with the LeRoy Neiman paintings.
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