The Kentucky-based cryptocurrency investor accused of kidnapping and torturing an Italian businessman in a sadistic try and extort his Bitcoin password was ordered held with out bail Saturday by a Manhattan decide.
John Woeltz faces fees of first-degree kidnapping, first-degree illegal imprisonment, second-degree assault, and felony possession of a weapon within the chilling alleged two-week imprisonment in Soho.
The Manhattan Felony Court docket decide granted the Manhattan District Legal professional’s workplace request to carry Woeltz, 37, with out bail. Woeltz will even be required to show over his passport, authorities stated.
The sufferer, 28, broke out of the home of horrors Friday morning and reported his sick abuse and imprisonment to a police officer, legislation enforcement sources stated.
A number of Polaroids on the luxurious Prince Avenue pad – which Woeltz was allegedly renting for $30,000 to $40,000 a month – confirmed the sufferer being tied up with electrical wire and tortured, in addition to one in every of him sure to a chair with a gun pointed at his head, the sources stated.
He was additionally tased whereas his ft had been put in water, pistol-whipped, pressured to take cocaine and threatened to have his limbs chopped off with an electrical chainsaw whereas being held captive, in keeping with the sources.
First-degree kidnapping is a felony in New York and may carry a sentence of as much as 25 years behind bars.
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