A CRYPTO investor has been arrested for kidnapping his former enterprise accomplice and torturing him with a chainsaw inside a complicated condo in New York Metropolis.

John Woeltz, 37, has been charged with assault and illegal imprisonment after he took the sufferer captive for days in a bid to realize entry to his crypto account.

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Cops arrested Woeltz and one different lady after the sufferer was capable of escape the luxury $40,000-a-month condo on Prince Avenue in New York‘s SoHo.

The sufferer advised investigators he was Woeltz’s former accomplice and had completed enterprise with him previously.

However a dispute between the 2 had soured their relationship, and the sufferer went again to Italy.

He added that he arrived within the US from Italy on Could 6 after Woeltz allegedly satisfied the sufferer to return.

And when he visited Woeltz’s flat, Woeltz allegedly took the sufferer’s passport and started torturing him in sadistic methods.

Investigators stated that Woeltz tied up the sufferer with electrical cords and tortured him with electrocutions and different varieties of shock remedy.

He allegedly tased him together with his toes in water, pistol-whipped him, and threatened to chop his limbs off with an electrical chainsaw.

Cops stated he even took Polaroids of themselves torturing the sufferer.

One of many footage reported exhibits the sufferer certain to a chair with a gun to his head.

It’s understood that the Polaroids have been prone to extort cash from the sufferer’s household again in Italy.

Woeltz additionally allegedly pressured the sufferer to take cocaine and subjected him to varied types of psychological torture.

He even tied an Apple AirTag across the sufferer’s neck to maintain a test on his actions.

Police stated the sufferer was capable of escape from the condo yesterday after Woeltz allegedly urged it could be his loss of life day.

Cops have charged Woeltz with 2 counts of assault, kidnapping, illegal imprisonment and prison possession of a firearm.

The sufferer is known to have sustained quite a few cuts on his physique from the torture, together with one believed to have been from the chainsaw.

He’s at the moment being handled at Bellevue Hospital, police stated.

Upon looking out the flat, cops discovered a gun and requested a search warrant for a extra detailed search.

The investigation is ongoing.