A disgraced Manhattan financier who preyed on teenage ladies on social media — together with a 14-year-old he raped and fed medicine to till she overdosed — took a plea deal Tuesday that may maintain him locked up for 16 years, prosecutors mentioned.
Michael Olson, 56, sporting a white beard and tan prison-issued sweater, copped to a handful of costs from the surprising 75-count indictment unveiled in opposition to him final yr in Manhattan Supreme Court docket.
The sleezeball muttered a wimpy “Sure,” when Decide Ann Scherzer requested if he needed to plead responsible to 9 counts, together with rape, legal sale of a managed substance to a toddler and aggravated patronizing a minor for prostitution.
Olson, who had been discovered unfit for trial in a ruling that was later reversed, at one level in the course of the case penned a letter to his household the place he detailed his plan to skirt prosecution by getting a diminished sentence at a remedy facility — the place he mentioned he needed to be cautious to not “behave too usually” or he’d be despatched again to Rikers Island.
“The profit, if the plan works, is that after six years the fees in opposition to me can be dismissed. So I’d haven’t any legal document,” the sicko wrote, based on Manhattan Assistant District Legal professional John Fuller, who had really helpful a sentence of 25 years in jail.
Olson’s deviant plan was foiled when was discovered mentally sane after a brand new psychological well being analysis was ordered by the choose in September.
Olson labored for Dwight Mortgage Belief, an actual property oriented funding agency, till he was accused final yr of luring a 14-year-old woman on Instagram and drugging and raping her in lodge rooms in Queens and Manhattan on a weekly foundation beginning in December 2022.
The monetary govt was caught on Could 26, 2023 when the teenager started overdosing in a Manhattan lodge room the place EMS staff discovered quite a few medicine together with ketamine, cocaine and Xanax, prosecutors mentioned.
Olson was launched on a $1 million bond — and infamously hit with dozens of further counts when he continued to achieve out to underage ladies on-line, based on prosecutors.
The deranged creep first focused the 14-year-old when she posted on Instagram about how she couldn’t afford garments.
Over the following few months, he admitted he raped her on a number of events, paying the younger woman $700 per week in change for intercourse at inns within the Massive Apple, prosecutors have mentioned.
The pervert additionally traveled with the kid on journeys to Las Vegas, Los Angeles and Miami — and pretended that she was his daughter by buying her boarding passes utilizing her first title together with his final title, based on the indictment.
“Michael Olson schemed to focus on, recruit, manipulate, and sexually assault younger ladies, and raped no less than one little one in Manhattan on a weekly foundation,” Manhattan District Legal professional Alvin Bragg mentioned in an announcement.
“His horrendous conduct was the very definition of predatory, and I thank my workplace’s Human Trafficking Unit for placing a cease to it.”
Olson can even should serve a most of 15 years of supervision after he’s launched from his 16-year jail time period, Bragg’s workplace mentioned.
His protection legal professional, Jeffrey Lichtman, mentioned Olson felt “depressing about what occurred” and had wrecked his personal life.
“He accepted the plea as a result of he was responsible, like anybody else would,” Lichtman mentioned outdoors the courtroom.
Olson shall be sentenced on February 4, 2025.
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