Bitcoin King – From Luxury Townhome to Jail

Submission by Glenn Mollette

Would a million dollars make you happy? Would you be satisfied knowing you could eat well and do just about whatever you wanted to do? A million dollars is not what it used to be, but it’s still a huge sum of money. You should pull in about $40,000 a year in interest. But wait, what if you had $100 million? You would be one of the richest people in the world! Can your mind even comprehend having that much money? Would you be satisfied?

What about $100 million in bitcoin currency?

Apparently, it wasn’t enough for John Woeltz of Paducah, Kentucky, known as the Crypto King of Kentucky. He wanted $30 million more in bitcoin currency, even if it meant robbing it from an acquaintance.

Woeltz and a business partner, William Duplessie, are accused of holding a man from Italy hostage for 17 days. They are accused of beating him, cutting him with a chainsaw, dangling him over a staircase, and keeping him bound—among other torturous acts.

The victim from Italy reportedly owns $30 million in bitcoin, while Woeltz is reported to own over $100 million in bitcoin currency.

The man from Italy was reportedly lured by Woeltz and Duplessie from Italy by some kind of bitcoin trading deal, which ended up as an attempted robbery. Woeltz and his accomplice wanted the man’s bitcoin password.

Finally, the man reportedly gave Woeltz the information, and Woeltz is said to have left the victim long enough to get his laptop—allowing the victim a moment to bolt out the door and seek help from a NYC traffic cop who happened to be walking down the street.

Woeltz and Duplessie may end up spending years in prison, spending millions on attorney fees, and will likely be sued by the man from Italy—who could end up with a sizable amount of the two accused men’s wealth.

The bottom line is: be satisfied with what you have. Don’t covet what someone else has. Trying to steal or obtain someone else’s money or property illegally or immorally will only bring sad consequences.

Evil never stops at level one or two, but is always pushing to another level of debasement and debauchery. A person who starts out stealing pennies will eventually end up stealing dollars and even doing whatever it takes to fulfill his thirst for more.

Serial killers started out with what seemed to be a low level of crime or theft but escalated to hurting people, which soon evolved into a thirst for killing.

Sow a thought, reap an act. Sow an act, reap a lifestyle. Sow a lifestyle, reap a destiny.

News sources reported that Woeltz owns a jet and a helicopter. He was renting a luxury six-floor NYC townhome for $30,000 a month, where the kidnapping took place. Today, he and Duplessie are in a New York City jail.



Support Christian Journalism

Freedom ​is Not Free! Free Speech is essential to a functioning Republic. The assault on honest, Christian Journalism and Media has taken a devastating toll over the last two years. Many Christian media outlets have not survived.

It is through your Generosity and Support that we are able to promote Free Speech and Safeguard our Freedoms and Liberties throughout our Communities and the Nation. Without your donations, we cannot continue to publish articles written through a Biblical worldview.

Please consider donating or subscribing today. A donation of any size makes a Big Difference. Thank you for your Support!

Katy and Fort Bend Christian Magazines

Katy and Fort Bend Christian Magazines have over fifteen years of experience in getting Christian-centered messages out to the Greater Houston area and national communities on issues of significant sociocultural and economic interest and represent the only suite of family-oriented publications of its kind in the Houston metropolitan region. As a gold standard in parachurch publications, Katy and Fort Bend Christian Magazines pride themselves on the values of enterprise, family, and truthfulness, and have helped foster a culture of fearless honesty, rigor of business and industry, and interconnected networking among the readership.