Suspect in NYC crypto kidnapping case released on $1 million bond
A crypto investor charged with kidnapping an Italian man in a Manhattan townhouse for days in order to steal his Bitcoin was released Thursday on $1 million bond, according to prosecutors.
John Woeltz was fitted with an electronic monitor and ordered to home confinement during an appearance in Manhattan criminal court, said Rachel Best, a spokesperson for the Manhattan District Attorney Alvin Bragg’s office.
He also had to surrender his passport and agreed to leave his apartment only for emergencies, doctor appointments and court appearances, she said.
Bragg’s office had opposed the bail request, saying he has the means to flee, including a private jet and a helicopter. Woeltz’s co-defendant, William Duplessie, remains in custody….
