Sources said cryptocurrency investor John Woeltz took the man's passport, tied him up, tortured and photographed him until the man managed to escape and alert authorities.

NEW YORK -- A second crypto suspect has surrendered for the alleged torture of an Italian businessman in New York, police said Tuesday. The suspect, William Duplessie, surrendered to detectives at the 13th precinct at 7:45 a.m. Duplessie is expected to face charges of kidnapping, assault and unlawful imprisonment.

The tortured and wounded victim escaped John Woeltz's house of horrors in an ordeal authorities described as “The Wolf of Wall Street” meets “American Psycho."

A man known as the "crypto king of Kentucky" is being charged with the kidnapping and torture of a business partner in New York City.

A Kentucky man, 37-year-old John Woeltz, was arrested in Lower Manhattan over the weekend, accused of kidnapping and torturing an Italian tourist.

Kentucky-based cryptocurrency investor, John Woeltz, is accused of kidnapping and torturing an Italian businessman.

Folchi, whose family lives in Connecticut, was charged with first-degree kidnapping and unlawful imprisonment.