NYC financier sentenced to 16 years for repeatedly drugging and raping teen girl, preying on minors

A New York City financier convicted of drugging and raping a teenage girl, creating kid enactment maltreatment worldly and a litany of different offenses committed against minors — including aft his apprehension — was sentenced to 16 years successful situation for his depravity connected Tuesday.

Michael Olson, 56, who pleaded blameworthy to a 10-count indictment laden with enactment crimes against children successful December besides received 15 years post-release supervision by Manhattan Supreme Court Justice Ann Scherzer, saying she had “a beardown work to the assemblage to marque definite determination is idiosyncratic watching Mr. Olson.”

Central to the lawsuit brought successful June 2023 were allegations Olson targeted a 14-year-old miss online and past plied her with drugs each week portion raping her successful Queens and Manhattan edifice rooms.

He pleaded retired precocious past year to rape, transgression intersexual act, selling drugs to a minor, patronizing a insignificant for prostitution, and related offenses tied to his drugging of a 2nd child, soliciting aggregate different children for intersexual abuse, creating 18 items of kid intersexual maltreatment worldly — and possessing 32 others — and related behavior.

Michael Olson successful Manhattan Supreme Court for sentencing Tuesday. (Barry Williams / New York Daily News/Pool)

“Michael Olson preyed connected and abused 5 susceptible children successful little than six months,” Manhattan District Attorney Alvin Bragg said successful a statement. “My Office’s Human Trafficking Unit was laser-focused connected ensuring accountability successful this lawsuit for the afloat scope of his horrific conduct.”

Olson’s attorney, Jeffrey Lichtman, said helium was relieved his lawsuit got little than 25 years, which prosecutors pushed for, and reasoned his behaviour stemmed from his ain childhood.

“It’s evidently an incredibly bittersweet time for him and his family,” Lichtman told the Daily News. “Frankly, it’s a bittersweet lawsuit each around, not lone for Michael but for the unfortunate arsenic well. … It’s tragic and it truly relates backmost to a precise disturbing puerility helium had, not that you tin ever marque immoderate excuses.”

Olson targeted the 14-year-old helium repeatedly abused done Instagram successful December 2022, archetypal commenting connected a photograph she posted connected her leafage astir apparel being excessively expensive, according to tribunal records. He sent her a acquisition paper and started offering her wealth for her company, and past began paying her $700 play to slumber with him astatine assorted hotels.

In summation to abusing the miss successful New York, Olson flew her to Las Vegas, Los Angeles, and Miami — falsely including his past sanction connected her booking details to marque it look similar she was his daughter. Prosecutors said his premier absorption online was vulnerable Asian teenagers who shared posts astir fiscal difficulties and self-harm.

Michael Olson successful Manhattan Supreme Court for sentencing Tuesday. (Barry Williams / New York Daily News/Pool)

Before his arrest, Olson, a begetter of one, worked astatine Dwight Mortgage Trust, a existent estate-focused concern firm. The institution fired him connected the time helium was indicted successful May 2023.

The maltreatment came to airy erstwhile the kid overdosed successful a Manhattan edifice country successful May 2023 and responding medics discovered ketamine, cocaine, and Xanax connected site. She recovered successful the infirmary and Olson was taken into custody, prosecutors said successful tribunal papers filed during the case.

A associated probe into Olson by the Manhattan DA’s Human Trafficking Unit and the NYPD Human Trafficking Detective Squad turned up an further 4 victims, each of them 15 years aged oregon younger. The financier continued to maltreatment immoderate of the children aft helium was arrested portion retired connected physics monitoring and $1 cardinal bail.