Manhattan financier, 54, ‘targeted 14-year-old Asian girls on Instagram then paid one $700-a-week for sex before she was found near death in a hotel room after taking cocktail of cocaine, Ketamine and Xanax’
- Michael Olson was denied bail after a hearing in Manhattan Supreme Court
- He targeted girls who posted about self-harm and having no money
A 54-year-old Manhattan financier has been charged with targeting 14-year-old girls on Instagram and paying one $700-a-week for sexual favors, before one was found nearing death in a hotel room after being given a cocktail of cocaine, Ketamine and Xanax.
Michael Olson is charged with 17 counts of sexual abuse against one child, but Manhattan prosecutors are asking other victims to come forward.
Olson, who worked for Dwight Mortgage Trust, is accused of targeting the girls on Instagram by honing in on posts where they complained about not being able to afford clothes.
He also targeted images which showed them harming themselves. Prosecutors say he would offer them money to lure them in.
The girl who the charges relate to was flown around the country by Olson who would give her drugs and rape her in hotel rooms, according to the indictment.
Prosecutors say he flew her around the country, passing her off as his daughter on flight manifests. He also kept a spreadsheet to keep track of other children he had messaged, prosecutors say.
Michael Olson is charged with 17 counts of sexual abuse against one child, but Manhattan prosecutors are asking other victims to come forward
Olson was found in the hotel room with the 14-year-old girl after she overdosed last month
Last month, she was found in a Midtown Manhattan hotel room with Olson having overdosed on the combination of drugs.
She ingested them before and after being raped by him, according to prosecutors.
When police searched his phone and iPad, they found ‘hundreds of screenshots of various Instagram accounts of young, Asian teenage girls that the defendant messaged’.
The pair met in December 2022 when Olson, who worked for a mortgage lending company, messaged her on Instagram.
Prosecutors say he was responding to a post where she complained about not having money for clothes.
Olson did not speak at yesterday’s hearing in Manhattan Supreme Court. He was denied bail
He sent her a gift card, and the pair struck up a relationship, say police.
‘Over the next six months, Olson repeatedly raped the child, paying her approximately $700 a week to engage in sexual conduct in hotel rooms in Queens and Manhattan.
‘He took the child to Las Vegas, Los Angeles, and Miami by purchasing her airfare with her first name and his last name in order to portray her as his daughter,’ Manhattan DA Alvin Bragg said yesterday.
Olson was arrested last month but posted a $1million bond.
Prosecutors say he continued to message young girls after being released. Yesterday, he was denied bail following a hearing at New York Supreme Court.
