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The court heard that he gave the alleged victim and her 15-year-old friend £480stg in cash and Pay Pal deposits, including the train fare to travel from Norwich to the capital to meet him.
The millionaire, of Islington, north London, is accused of three counts of sexual activity with a child, one of causing or inciting a child to engage in sexual activity and a charge of paying for sexual services.
He denies the charges, insisting the sex was “consensual” and that he “reasonably believed” the alleged victim was aged 16 or over, while the money was not for sex but to help with travel expenses.
Prosecutor Gino Connor told an Old Bailey jury that Mr Richard met the girl through an American website called Seeking Arrangements.
According to a statement by the older girl, they went to a hired apartment in Bishopsgate where Mr Richard asked her if she wanted to be his “slave”.When she declined, he allegedly told her that her friend had told him she wanted to be “someone’s slave”.He asked her for a sexy photograph with “less clothing more revealing positions”, Mr Connor said.She told him: “You are my new daddy I will do anything to keep you happy,” the court was told.
They went on to arrange to meet in London and the defendant made a payment of £120 through Pay Pal on New Year’s Eve.
The 13-year-old travelled with a 15-year-old friend to Liverpool Street Station on the morning of January 2nd last year and met Mr Richard at a nearby cafe.