Financier, 55, now faces a 75 count charge as he is accused of raping and drugging a 14-year-old girl after calling her names in front of his daughter – while denying the charges
A disgraced New York financier accused of drug raping and using a 14-year-old girl has been slapped with a new 75-count charge, which includes the alleged abuse of three other victims.
Michael Olson, 55, was initially charged with a 17-count charge after the 14-year-old girl he claimed to have been with overdosed on cocaine, ketamine and Xanax in a Midtown Manhattan hotel room.
The new indictment includes allegations that Olson continued to contact underage girls online after she was released on $1 million bail and placed under electronic surveillance, according to Assistant District Attorney John Fuller.
He has also been charged with selling drugs to another child, aggravated patronizing a minor for prostitution and endangering a child’s welfare.
Disgraced New York financier, Michael Olson, 55, who was accused of raping and drugging a 14-year-old girl, has been slapped with a new 75-count charge
He was slapped with 32 felonies for possessing a child sexual performance after allegedly found “graphic and lewd images” on his electronic devices.
“These 32 (counts) represent some of the most graphic and lewd images he owned,” Fuller said.
Judge Ann Scherzer issued four orders “to remain sealed” to protect the identities of Olson’s alleged victims.
‘You will see the names, and with regard to those persons – you are not to have any contact with them. None,” she told Olson in court on Tuesday, according to the New York Post.
Prosecutors recommended that Olson receive a 25-year prison sentence and be forced to register as a sex offender, the outlet reported.
The 55-year-old’s lawyer, Jeffrey Lichtman, said they were “blindsided” by the new charge, including the additional victims.
“There are no allegations of further sexual contact with new victims,” said Lichtman.
“I understand where the offer is coming from, but for a 55-year-old defendant, 25 years might as well be 1,000 years,” he added.
The new indictment includes allegations that Olson continued to contact underage girls online after she was released on $1 million bail and placed under electronic surveillance
The 55-year-old’s lawyer, Jeffrey Lichtman, said they were ‘blindsided’ by the new indictment that includes the additional victims
The prosecutor accused Olson of targeting young Asian girls Instagram by attacking those who post about not being able to pay for clothes or about self-harm.
According to police, Olson saved a screenshot of the New York City public school calendar on his phone.
There were also reportedly records of NYC elementary and middle school pickups and drop-offs.
According to the New York district attorney, Olson found the 14-year-old girl’s Instagram profile in December 2022 and responded to a post she posted about clothes being overpriced.
They claim that he sent her a gift card for clothes and started paying her to spend time with him.
Prosecutors allege Olson repeatedly raped the girl over the next six months and paid her $700 a week to engage in sexual conduct with him at hotels in Manhattan and Queens.
Prosecutors say he kept a spreadsheet detailing the drugs he gave and messages to young girls.
The girl he was allegedly found with at the hotel had also traveled with him, to Los Angeles, Las Vegas and Miami.
Prosecutors alleged that he pretended to be his daughter during the trips to avoid suspicion.
Olson, pictured here at a hearing earlier this month, allegedly paid the teen $700 a week to engage in sexual conduct with him at hotels in Manhattan and Queens
Earlier this month, he was taken to court and denied bail, which reportedly left him ‘very upset’
In May, EMTs were called to a hotel room where the child had overdosed and found the girl and Olson present with sedatives.
Olson was arrested but released after posting $1 million bail while the girl was taken to hospital where she recovered from the non-fatal overdose.
Once he was released, police said he continued to target young girls on social media.
In a statement previously given to DailyMail.com, a spokesperson for Dwight Mortgage Trust – the company he worked for – previously confirmed that he had been fired.
“We became aware of the serious criminal allegations against one of our employees, Michael Olson, and immediately upon learning of these allegations, he was fired.
“The allegations are horrific and our hearts go out to the victims and their families. We will cooperate fully with any police request regarding Mr. Olson.”
Manhattan DA Alvin Bragg continued the investigation of Olson, even asking other victims to come forward.
A neighbor told the New York Post that he “often showed up with an 11 or 12 year old kid who was always alone in the hallway.”
He is due back in court on September 5.