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Crypto Investor Tortured Captive Italian Businessman With a Chainsaw for Weeks in Luxe NYC Pad

by NY Post
May 24, 2025
in Curated
John Woeltz

(NY Post)—A cryptocurrency investor from Kentucky is suspected of torturing an Italian businessman with a chainsaw in a sadistic, weeks-long extortion attempt to gain the password for his accounts at a ritzy Manhattan apartment – before the captive made a daring escape, police sources said.

John Woeltz, 37, was arrested after the bloodied and bruised businessman – a 28 year-old man – broke out of the SoHo house of horrors Friday morning, ran to a police officer and said he’d been held prisoner for more than two weeks, the sources said.


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Cops rushed to the luxurious Prince Street pad – which Woeltz was allegedly renting for roughly $30,000 to $40,000 a month – and discovered multiple Polaroid photos showing the businessman being tied up with electrical wire and tortured, including one of him bound to a chair with a gun pointed at his head, according to the sources.

Since being taken captive, the businessman had been bound with an electric cord, Tased while his feet were put in water, pistol-whipped, forced to take cocaine and threatened to have his limbs cut off with an electric chainsaw, the sources said.

  • Read More: nypost.com





At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:

  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

Tags: John WoeltzLedeNY PostStickyTop Story
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