May 31, 2025

New York City

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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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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Funds

NYC Mayor Adams indictment, despite dismissal, still grounds for denying $4M matching campaign funds: records

Mayor Adams’ federal corruption indictment is dead, but New York City’s Campaign Finance Board isn’t forgetting about it. The board will continue to deny Adams’ reelection campaign $4 million in public matching funds due to his indictment, as it still has “reason to believe” he and his team broke “various” federal and local laws despite

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Investment

Investment advisors urge caution in face of Trump tariffs

Investors fear that the tariffs will cause inflation to accelerate and economic growth to slow. Financial advisors urge caution, noting that many of the effects are yet to be seen. “Right now, there are so many questions,” Catherine Valega, a wealth manager at Burlington-based Green Bee Advisory. “We’re talking about US exceptionalism — is that

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Funds

Judge issues momentous ruling that will impact billions of dollars in pension funds: ‘Important victory’

A major legal victory has reaffirmed the power of New York City’s pension funds to prioritize smart, forward-thinking investments. As Pensions & Investments detailed, the New York State appeals court has upheld a ruling dismissing a lawsuit that challenged the city’s decision to divest from dirty fuels — marking another win for long-term financial security

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