New York crypto investor accused of kidnapping Italian tourist

A 37-year-old cryptocurrency investor appeared in court on Saturday after being arrested for allegedly kidnapping and torturing an Italian tourist in a Manhattan home, according to media reports.

John Woeltz was arraigned in New York Criminal Court at 9:00 EST (14:00 BST) on charges of kidnapping with intent to collect ransom, assault, unlawful imprisonment and other counts, court records show.

A second person, 24-year-old Beatrice Folchi, was arrested on Saturday in connection to the case, according to the BBC's US partner CBS News.

The pair were taken into custody after the victim managed to escape a home in SoHo, where he was allegedly tortured and bound for weeks, police said.

The BBC has contacted the New York Police Department, the Manhattan District Attorney's Office and Mr Woeltz's attorney for comment.

The 28-year-old victim, who has not been named, was taken to the hospital and is in stable condition, police have said. Officers found several Polaroid photos of the victim being tied up and tortured, as well as firearms, in the luxury townhome, according to reports.

The victim told police he came to New York from Italy on 6 May, and that upon arriving at the suspect's house, Mr Woeltz took his passport and allegedly held him captive until he escaped on Friday morning.

According to a criminal complaint obtained by ABC News, the victim told police that Mr Woeltz and another person beat him and hanged him off a ledge when he refused to provide his bitcoin password.

Mr Woeltz is a crypto investor from Kentucky and has been renting the SoHo home for between $30,000 (£22,000) and $40,000 per month, according to CBS News.