Alleged NYC child rapist Michael Olson fired from firm | #childpredator | #kidsaftey | #childsaftey


The Manhattan financier accused of raping a 14-year-old girl he presented as his daughter — and even tried to lure in scores of other kids while out on bail — has been fired from his job, The Post has learned.

Michael Olson, 55, was axed by Dwight Mortgage Trust on Thursday, the same day he was indicted on 17 criminal counts that included his alleged sexual abuse of the young teen he is accused of grooming through Instagram.

“Yesterday we became aware of the serious criminal allegations against one of our employees, Michael Olson, and immediately after learning about these allegations, he was terminated,” a rep for DMT told The Post on Friday.

“The allegations are horrific and our hearts go out to the victims and their families. We will cooperate fully with any request by law enforcement regarding Mr. Olson.”

It is not clear how long Olson had been with DMT, a real estate-focused firm, or what role he served at the company.

The firm appeared to have scrubbed any information about Olson from its website by Friday.

Prosecutors said Olson targeted underage Asian girls who posted about money troubles or self-harm on social media.

Many of the girls listed their middle or high schools in the Instagram bios — and Olson kept screenshots of the New York City public school calendar handy, as well as Uber receipts showing pickups from elementary and middle schools, prosecutors said.


Michael Olson, 55, was fired from Dwight Mortgage Trust on Thursday, the company told The Post.
Steven Hirsch

Olson even allegedly devised a spreadsheet detailing the drugs he fed his victims and how much he paid them.

“In his own words, he detailed how he would pay them first to meet with him, and then pay them more if they performed oral sex on him or have intercourse with him,” Manhattan prosecutor John Fuller said in court Thursday.

Olson first contacted his 14-year-old accuser in December 2022 when she posted on Instagram about struggling to afford clothes, according to the indictment.

He allegedly raped the girl on multiple occasions, including a handful of dates between April and May 2023, in exchange for $700 a week.

The girl also traveled with him to Las Vegas, Los Angeles and Miami, which Olson managed by passing her off as his daughter in bogus boarding-pass information, prosecutors said.

Authorities were tipped off to Olson’s alleged activities May 26, when the victim overdosed on a lethal cocktail of cocaine and ketamine in their Manhattan hotel room. Items recovered from the room also included sex objects such as vibrators, handcuffs, rope, lubricant and condoms, authorities said.

“The defendant said he brought these objects to the hotel that day as gifts [to] a 14-year-old girl,” Fuller said.


DMT logo.
Any mention of Olson appears to have been scrubbed from former employer DWT’s website.
Dwight Capital LLC

Olson’s iPad, which was recovered at the scene, contained his sickening spreadsheet, as well as screenshots of underage girls, the public school schedule and visits to website forums such as “rape kink,” prosecutors said.

Olson was arrested in May over the 14-year-old girl, arraigned June 5 and posted his $1 million bail and was freed, according to authorities.

He then allegedly continued to contact girls between 13 and 15 years old, even while being electronically monitored.

“After posting bail on the instant matter at criminal court arraignment, the defendant changed his phone number and continued to reach out to 13- and 15-year-old girls who’ve been identified as victims in this scheme, as recently as this week, as we know so far,” Fuller said.

“He continued this criminal conduct — possibly injuring the welfare of a child — even after posting a $1 million bond, surrendering his passport and being on electronic monitoring and home confinement.”

A new arrest warrant was issued for Olson on June 13.


Michael Olson.
Olson was indicted on 17 charges related to his alleged abuse of the 14-year-old girl.
Steven Hirsch

The suspect was then indicted Thursday on one count of criminal sale of a controlled substance to a child, five counts of rape in the second degree, seven counts of aggravated patronizing of a minor for prostitution in the second degree, two counts of criminal sexual act in the second degree, one count of facilitating a sex offense with a controlled substance and one count of endangering the welfare of a child.

This time, he was remanded without bail.

Olson’s lawyer, Jeffrey Lichtman, told The Post on Friday that his client maintains his innocence.

“Of course he’s upset, he’s a human being … it’s a horrible day for him,” Lichtman said of Olson’s reaction to the hefty charges.

“These are just allegations at this point, no matter how salacious they may be.

“We haven’t received a single piece of paper of evidence yet, so it’s hard to really discuss the case intelligently when you’re not exactly sure what the evidence is.”



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