Two New York City police officers have been moved to limited-duty roles while investigators look into their possible ties to a recent kidnapping case involving cryptocurrency.
According to a report from The New York Times on 29, Detective Roberto Cordero, part of Mayor Eric Adams’ security team, picked up investor Michael Valentino Teofrasto Carturan from the airport and drove him to the townhouse.
The other officer, Detective Raymond J. Low, was reportedly involved in guarding the building where Carturan said he was held.
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Both officers are currently under internal review and have been reassigned to non-operational duties. City officials say Cordero was working off-duty when he drove Carturan, while Low may have been paid privately by one of the suspects to provide security.
NYPD officers need official permission to take on side jobs in private security. The Internal Affairs division is handling the investigation.
Two men have been charged in the case, John Woeltz, also known as the “crypto king of Kentucky”, and William Duplessie, a Swiss national who co-founded a crypto investment firm.
Woeltz was officially indicted by a grand jury on May 29. His lawyer requested a $2 million bond by arguing that Woeltz has no criminal record and holds a philosophy degree. Meanwhile, Duplessie remains in custody, with his indictment still pending.
Recently, Vietnamese authorities arrested five individuals accused of operating a large-scale crypto scheme called Matrix Chain. How did the police uncover the case? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
