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$3M Bail Denied in NYC Case Tied to Crypto Kidnapping

June 2, 2025
in Altcoin
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William Duplessie has been formally charged in a case involving the kidnapping and assault of an Italian cryptocurrency investor, Michael Valentino Teofrasto.

In accordance with a report by Related Press on Could 30, Duplessie has been indicted on fees together with kidnapping, assault, illegal imprisonment, and unlawful possession of a weapon.

The costs had been filed by a Manhattan grand jury, and the small print will stay sealed till the arraignment scheduled for June 11.

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He turned himself in to the New York Police Division on Could 27 and later requested to be launched on $1 million bail. That request was denied because of the seriousness of the case.

John Woeltz, who was additionally charged on Could 24, didn’t seem in court docket however requested to be launched on a $2 million bond. His lawyer, Lawyer Wayne Gosnell, said that Woeltz has no prior felony file and holds a level in philosophy. He additionally instructed the choose, “He’s been very profitable within the expertise world”.

Nonetheless, the court docket dominated that Woeltz should stay in custody whereas the case strikes ahead.

A 3rd suspect, Beatrice Folchi, was additionally arrested. She faces fees of first-degree kidnapping and illegal imprisonment, however has been launched because the investigation continues. Authorities haven’t confirmed whether or not she is going to face extra fees later.

The incident befell on Could 6 in a rented townhouse in Manhattan’s Soho space. Teofrasto was held and tortured for over two weeks till he managed to flee.

Moreover, studies stated that two New York Metropolis law enforcement officials had been concerned on this kidnapping case. How? Learn the total story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto lovers face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the house as we all know it, and make it extra approachable to finish newcomers.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market developments, and on the lookout for the following supernova.



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Tags: bailcasecryptoDeniedKidnappingNYCTied
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