The Manhattan financier accused of raping a 14-year-old girl he passed off as his daughter was hit Tuesday with dozens of additional criminal counts over the alleged abuse of three other victims.
Michael Olson, 55, now faces a superseding 75-count indictment that includes allegations he continued to reach out to underage girls online after he was initially released on $1 million bond and placed on electronic monitoring, Manhattan Assistant District Attorney John Fuller said.
Olson was also hit with an additional 32 felony counts of possessing a sexual performance by a child over material found on his electronic devices –including more than a dozen images pertaining to “indicted incidents of sex crimes,” according to Fuller.
“These 32 [counts] represent some of the most graphic and lewd images that he possessed,” Fuller said in Manhattan Supreme Court on Tuesday.
The financier was remanded into custody June 15 after he was hit with the initial 17-count indictment accusing him of raping the 14-year-old girl he had met online at hotels across the city — and feeding her drugs until she overdosed.
The additional 50 counts he now faces include allegations he also sold drugs to another child, and that he patronized children for prostitution, Fuller told the court.
Judge Ann Scherzer issued four orders of protection barring Olson from contacting his alleged victims.
“The orders are going to remain under seal so no one can see the names because they are children. But you will see the names, and with respect to those individuals — you may not have any contact with them whatsoever. None,” she told him.
Olson has pleaded not guilty.
Prosecutors in court Tuesday proposed a plea deal that would recommend Olson get a 25-year prison sentence and be forced to register as a sex offender.
His defense attorney Jeffrey Lichtman said they were blindsided by the additional counts over the new alleged victims.
“There’s no allegation of any more sexual contact with any new victims,” Lichtman said.
“I understand where the offer is coming from, but for a 55-year-old defendant, 25 years might as well be a 1,000 [years],” he added.
Prosecutors have alleged Olson targeted underage girls who posted about money woes or self-harm on social media.
He allegedly first contacted the 14-year-old girl in December 2022 when she posted on Instagram about how she couldn’t afford clothes.
Olson allegedly raped her several times in exchange for $700 a week.
He was busted on May 26 when paramedics responded to a Manhattan hotel to find Olson and the girl, who had overdosed from a cocktail of ketamine, cocaine and Xanax that he had fed her, prosecutors claimed.
Authorities said they retrieved sex objects such as vibrators, handcuffs, rope, lubricant and condoms from the hotel room, which Olson had given as “gifts [to] a 14-year-old girl,” Fuller said.
Olson, who lived with a woman at his Battery Park apartment, frequently appeared with a child — who appeared to be 11 or 12 — that “was always alone in the hallway,” according to a neighbor.
Olson had worked for Dwight Mortgage Trust, a real estate oriented firm, before he was fired on the same day he was indicted.
He’s due to appear back in court on Sept. 5.