Cryptocurrency Investor Arrested
Cops Say He Tortured Man For Weeks …
Allegedly Threatened to Cut Off Limbs with Chainsaw
Published
A cryptocurrency investor has been arrested and charged in New York City after he allegedly tortured a man for weeks — with reports claiming he was trying to obtain passwords related to cryptocurrency.
John Woeltz — a 37-year-old Kentucky man — was arrested Friday after a 28-year-old man allegedly escaped a house in the city’s SoHo neighborhood. NYPD tells TMZ he told a police officer he’d been held captive and tortured for weeks.
According to reports … Woeltz allegedly lured the man — who is believed to have had prior business dealings with Woeltz — to a house on May 6.
Once there, the New York Post claims Woeltz took his passport, tied him up with electric cords … and, then tortured him over the two weeks in an effort to get his Bitcoin password.
Among the alleged torture methods … the alleged victim was reportedly forced to take cocaine, hit with a pistol, subjected to tasering while his feet were underwater and threatened with an electric chainsaw. The alleged victim was taken to Bellevue Hospital.
Woeltz was arrested while wearing a bathrobe — he was seen later leaving the police precinct in a white T-shirt. A 24-year-old woman was also reportedly arrested in connection to the alleged crimes though cops could not confirm it.
According to NYPD, Woeltz was charged with first-degree kidnapping, first-degree unlawful imprisonment, second-degree assault, and criminal possession of a weapon.
He appeared in court Saturday where a judge ordered he would be held without bail.