Household claims crypto boss John Woeltz was ‘manipulated’

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The Kentucky crypto entrepreneur accused of a heinous kidnapping and torture plot is harmless — and being manipulated by another person, a relative claimed to The Publish. 

John Woeltz, who was held with out bail on kidnapping and different prices for allegedly bodily abusing and attempting to extort an Italian businessman, is “a simple sufferer” who was pressured into the sick state of affairs, the relative contended. 

“He’s a sort, caring, loving particular person, so he was fully managed by different individuals,” the relative stated of Woeltz, 37, who’s value $100 million, in response to police sources. 


 John Woeltz during his arraignment hearing in Manhattan Criminal Court on May 24, 2025
A member of the family of John Woeltz claimed the crypto boss is “a simple sufferer” who was pressured into allegedly imprisoning and abusing an Italian businessman. Michael Nagle

The relative known as Woeltz “simply manipulated.”  

“I’m getting calls from John’s associates, girlfriends, everybody saying, ‘John was railroaded, this particular person hijacked his life,’” she claimed.

“He was hijacked and manipulated and scammed. I believe they stole his cash as effectively,” the relative continued.

“He’s a sufferer.”


John Woeltz being arrested by police
“He’s a sort, caring, loving particular person, so he was fully managed by different individuals,” the relative stated of Woeltz, who’s value $100 million, in response to police sources.  David Burns

Woeltz, who owns a personal jet and a helicopter, was pressured at hand over his passport throughout an look Saturday in Manhattan Prison Courtroom. Not less than one different suspect continues to be being sought, sources stated. 

The abuse allegedly included threatening to kill the sufferer’s household in Italy and at one level, carrying the sufferer to the highest flight of the steps of the eight-bedroom Prince Road penthouse and dangling him over the ledge, lest the vacationer hand over his account password, Assistant District Legal professional Michael Mattson instructed Decide Eric Schumacher throughout Woeltz’s arraignment. 

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