August 4, 2025

New York City

Crypto

Accused NYC crypto bro kidnappers bragged about holding another foreign tourist hostage

Two crypto bros charged with kidnapping and torturing an Italian millionaire so he would give them his cryptocurrency password were accused of holding another European tourist hostage at their Kentucky compound, according to a report. William Duplessie, 33, and John Woeltz, 37, took a group of models and other high fliers from Palm Beach, Florida,

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Crypto

Suspect in NYC crypto kidnapping case released on $1 million bond

NEW YORK (AP) — A crypto investor charged with kidnapping an Italian man in a Manhattan townhouse for days in order to steal his Bitcoin was released Thursday on $1 million bond, according to prosecutors. John Woeltz was fitted with an electronic monitor and ordered to home confinement during an appearance in Manhattan criminal court,

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Funds

Mayor Adams again denied matching funds as Campaign Finance Board shifts tactics

New York City’s Campaign Finance Board on Tuesday again denied Mayor Adams public matching funds for his reelection effort — but the panel switched up the reason for depriving him of the critical cash after a key judicial ruling. Since December 2024, the board has withheld more than $3 million in matching funds for Adams’

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Funds

NY congressional delegation warns school funds delay threatens teacher training, English language instruction

New York congressional delegation members warned Thursday the Trump administration’s hold on education funding includes more than $400 million in-state — disrupting school planning and threatening teacher training and English language instruction. The 19 Democrats sent a letter to Education Secretary Linda McMahon and the federal government budget office — first shared with the Daily

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Investment

Citizenship by investment programs growing in Caribbean

From acorn-sized beginnings to its towering oak tree proportions today, the concept of Citizenship by Investment (CIP) in the Caribbean has developed into a dependable source of foreign capital for countries. Creating economic diversity for the region’s tourism-dependent nations, CIP initiatives have grown since St. Kitts and Nevis first adopted the income-producing practice in 1984. 

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Finance

Ex-Assembly candidate charged with illegally scamming state campaign matching system

A former Democratic candidate for New York state Assembly allegedly stole $160,000 in taxpayer cash by defrauding the state’s new campaign matching-funds program, federal prosecutors said Friday. Dao Yin, who lost his long-shot bid for the Assembly’s 40th District in Queens last year, was slapped with a wire fraud charge and arraigned in Brooklyn federal

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Crypto

Why shocking and violent “wrench attacks” are going to get worse

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Late last month, a shoeless and injured cryptocurrency investor fled from a posh Manhattan townhouse and approached the NYPD with a mortifying story: He’d just escaped 17 straight days of torture, having been held

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Crypto

Cop on NYC Mayor’s Security Detail Reportedly Linked to Crypto Torture Case

The story of the Italian tourist allegedly kidnapped by crypto businessmen keeps taking wild turns—the latest potentially implicating New York law enforcement in the ordeal. According to a report from local NBC affiliate station News 4 New York, two NYPD officers, including one who was serving as security detail for Mayor Eric Adams, have been

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Crypto

Cryptocurrency Seems Futuristic. The Crimes Around It Are Not.

This was raw, gangland violence — adjacent to Little Italy, no less — playing out against the purported and inscrutable sophistication of the cryptocurrency markets. Increasingly, it seemed, the “Matrix”-y, clean-room culture of digital finance was falling prey to a lurid, visceral, old-fashioned style of criminality. In recent months, the French have witnessed a series

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Funds

Judge blocks feds from withholding NY State funds in congestion pricing fight

A Manhattan federal judge issued a temporary restraining order Tuesday blocking the federal government from withholding funding from New York State in the ongoing battle over New York City’s congestion pricing. Judge Lewis Liman ruled early Tuesday afternoon that the order would be in place until 5 p.m. on June 9, and would enjoin the

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