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

2 June 2025
in Blockchain
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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 Might 30, Duplessie has been indicted on costs together with kidnapping, assault, illegal imprisonment, and unlawful possession of a weapon.

The costs had been filed by a Manhattan grand jury, and the main points 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 Might 27 and later requested to be launched on $1 million bail. That request was denied as a result of seriousness of the case.

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

Nevertheless, 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 costs of first-degree kidnapping and illegal imprisonment, however has been launched because the investigation continues. Authorities haven’t confirmed whether or not she’s going to face extra costs later.

The incident happened on Might 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 mentioned that two New York Metropolis cops 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 Struggle II period.With near a decade of expertise within the FinTech business, Aaron understands all the largest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious 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 individual for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the area as we all know it, and make it extra approachable to finish inexperienced persons.Aaron has been quoted by a number of established retailers, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market traits, and searching for the following supernova.



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Tags: BailCaseCryptoDeniedKidnappingNYCTied
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