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Crypto Kidnap Case Puts NYPD Officers Under Investigation

May 31, 2025
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Two New York Metropolis law enforcement officials have been moved to limited-duty roles whereas investigators look into their doable ties to a latest kidnapping case involving cryptocurrency.

In accordance with a report from The New York Occasions on 29, Detective Roberto Cordero, a part of Mayor Eric Adams’ safety workforce, picked up investor Michael Valentino Teofrasto Carturan from the airport and drove him to the townhouse.

The opposite officer, Detective Raymond J. Low, was reportedly concerned in guarding the constructing the place Carturan mentioned he was held.

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Each officers are at the moment beneath inner evaluate and have been reassigned to non-operational duties. Metropolis officers say Cordero was working off-duty when he drove Carturan, whereas Low could have been paid privately by one of many suspects to supply safety.

NYPD officers want official permission to tackle facet jobs in non-public safety. The Inside Affairs division is dealing with the investigation.

Two males have been charged within the case, John Woeltz, also called the “crypto king of Kentucky”, and William Duplessie, a Swiss nationwide who co-founded a crypto funding agency.

Woeltz was formally indicted by a grand jury on Could 29. His lawyer requested a $2 million bond by arguing that Woeltz has no felony file and holds a philosophy diploma. In the meantime, Duplessie stays in custody, along with his indictment nonetheless pending.

Not too long ago, Vietnamese authorities arrested 5 people accused of working a large-scale crypto scheme referred to as Matrix Chain. How did the police uncover the case? Learn the complete 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 Battle II period.With near a decade of expertise within the FinTech business, Aaron understands all the greatest points and struggles that crypto fans 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 remodel the house as we all know it, and make it extra approachable to finish rookies.Aaron has been quoted by a number of established retailers, and is a printed writer himself. Even throughout his free time, he enjoys researching the market traits, and in search of the following supernova.



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