Crypto investor charged with torturing man over Bitcoin password
DOJ scales back efforts to fight cryptocurrency fraud
The Department of Justice is planning to scale back its legal fight against cryptocurrency fraud, according to an April 7 memo.
Straight Arrow News
- John Woeltz is charged with assault, kidnapping, unlawful imprisonment and criminal possession of a gun.
- Prosecutors said the victim told them he was shocked with electric wires, his leg was cut with a saw and he was forced to smoke crack.
A cryptocurrency investor is accused of kidnapping, beating and torturing a 28-year-old man for weeks in a scheme to obtain his Bitcoin password, authorities say.
John Woeltz, 37, was taken into custody Friday after the victim, also an investor, escaped from a luxury Manhattan townhouse and stopped an officer…
