June 24, 2025

New York City

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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Crypto

NYPD arrests second suspect in SoHo crypto-kidnapping where victim was tortured

A second suspect in the kidnapping and torture of an Italian man inside a luxurious SoHo apartment in a failed bid to get him to give up his cryptocurrency password was criminally charged Tuesday after turning himself in to authorities, police said. William Duplessie, 33, surrendered at 7:45 a.m. to cops at the 13th Precinct

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Crypto

‘Crypto king’ partner William Duplessie surrenders in NYC – NBC New York

A business partner of a suspect charged with kidnapping and torturing an Italian man in a posh New York City townhouse for weeks has surrendered to authorities and is expected to face charges, according to police. William Duplessie surrendered, with his lawyers, to the NYPD’s Major Case Squad Detectives unit. The attorneys declined comment. The

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Crypto

Crypto Investor Arrested After Being Accused of Kidnapping and Torturing Italian Tourist

A crypto investor from Kentucky was arrested in New York City this week after being accused of kidnapping and torturing an Italian tourist. John Woeltz, 37, was taken into custody after his alleged victim, a 28-year-old man, broke loose from Woeltz’s ritzy Nolita apartment and alerted a nearby traffic agent, telling them that he had

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Funds

Adams appeal of matching campaign funds ruling denied, can’t try again until mid-July

New York City’s Campaign Finance Board is sticking to its guns in denying Mayor Adams more than $4 million in public matching funds for his reelection run — and will not give him another chance to challenge the decision until mid-July, the Daily News has learned. The board first denied Adams the matching funds in

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Finance

Did Cuomo’s ‘Message for Voters’ Violate Campaign Finance Rules?

Former Gov. Andrew M. Cuomo may be violating New York City campaign finance rules that prohibit candidates from coordinating political strategy and spending with the super PACs supporting them. The issue is potentially serious for Mr. Cuomo, the Democratic front-runner for mayor. If found in violation of the rules, he could face stiff penalties and

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