One of two cryptocurrency investors under arrest in the alleged kidnapping and torture of a man in SoHo has waived his court appearance on Wednesday morning. John Woeltz, 37, was expected to make his first court appearance in a Lower Manhattan courtroom after he was taken into custody on Friday and charged in the alleged kidnapping scheme.

William Duplessie, 33, is charged with assault, kidnapping, unlawful imprisonment and possession of a firearm.

Like co-defendant John Woeltz, the second suspect is expected to face charges of kidnapping, assault and unlawful imprisonment, police sources said.