Guest Commentary |
Bitcoin King: From luxury townhome to jail




by Glenn Mollette, Guest Commentator




Would a million dollars make you happy? Would you be satisfied knowing you could eat well and do whatever you wanted? A million dollars isn’t what it used to be, but it’s still a huge sum of money. You could earn 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?

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—even if it meant stealing it from an acquaintance.

Woeltz and his business partner, William Duplessie, are accused of holding a man from Italy hostage for 17 days. They are alleged to have beaten him, cut him with a chainsaw, dangled him over a staircase, and kept him bound, among other torturous acts.

The victim reportedly owns $30 million in bitcoin, while Woeltz is said to control over $100 million in the cryptocurrency.

According to reports, Woeltz and Duplessie lured the Italian man to the U.S. under the pretense of a bitcoin trading deal, which turned out to be a setup for an attempted robbery. The pair wanted access to the man’s bitcoin password.

Eventually, the man reportedly gave Woeltz the password. When Woeltz left briefly to retrieve his laptop, the victim seized the opportunity and bolted out the door, seeking help from a New York City traffic officer walking down the street.

Woeltz and Duplessie now face the possibility of spending years in prison, paying millions in legal fees, and being sued by the victim—who could ultimately gain a significant portion of their wealth.

The bottom line: Be satisfied with what you have. Don’t covet what belongs to someone else. Trying to obtain another person’s money or property through illegal or immoral means only leads to painful consequences.

Evil never stops at level one or two—it always pushes further into debasement and depravity. A person who starts out stealing pennies may eventually steal dollars, doing whatever it takes to satisfy their growing thirst for more.

Many serial killers began with what seemed like minor crimes, but their actions escalated into hurting people, eventually developing into a thirst for murder.

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

News sources report that Woeltz owns a jet and a helicopter. He was renting a six-floor luxury townhome in New York City for $30,000 a month—the site of the alleged kidnapping. Today, he and Duplessie sit in a New York City jail.


About the author ~

Glen Mollett is the author of 13 books including Uncommom Sense, the Spiritual Chocolate series, Grandpa's Store, Minister's Guidebook insights from a fellow minister. His column is published weekly in over 600 publications in all 50 states.


The views expressed are those of the author and are not necessarily representative of any other group or organization. We welcome comments and views from our readers. Submit your letters to the editor or commentary on a current event 24/7 to editor@oursentinel.com.



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