William Duplessie has been formally charged in a case involving the kidnapping and assault of an Italian cryptocurrency investor, Michael Valentino Teofrasto.
According to a report by Associated Press on May 30, Duplessie has been indicted on charges including kidnapping, assault, unlawful imprisonment, and illegal possession of a weapon.
The charges were filed by a Manhattan grand jury, and the details will remain sealed until the arraignment scheduled for June 11.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Solana in Crypto? (Beginner-Friendly Animation)
He turned himself in to the New York Police Department on May 27 and later requested to be released on $1 million bail. That request was denied due to the seriousness of the case.
John Woeltz, who was also charged on May 24, did not appear in court but asked to be released on a $2 million bond. His lawyer, Attorney Wayne Gosnell, stated that Woeltz has no prior criminal record and holds a degree in philosophy. He also told the judge, “He’s been very successful in the technology world”.
However, the court ruled that Woeltz must remain in custody while the case moves forward.
A third suspect, Beatrice Folchi, was also arrested. She faces charges of first-degree kidnapping and unlawful imprisonment, but has been released as the investigation continues. Authorities have not confirmed whether she will face more charges later.
The incident took place on May 6 in a rented townhouse in Manhattan’s Soho area. Teofrasto was held and tortured for over two weeks until he managed to escape.
Furthermore, reports said that two New York City police officers were involved in this kidnapping case. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
