Having made contact with the two women over the internet, the man then went to meet them at a designated time and place in Malmö.
But when he arrived, the 18-year-olds took him to meet a 28-year-old man who ended up demanding nearly 50,000 kronor ($7,300), local newspapers report.
If the businessman didn’t pay, the 28-year-old threatened to expose him to his neighbours and police as a paedophile, even though having consensual sex with an 18-year-old is not considered paedophilia according to Swedish law.
The businessman, having paid 17,000 kronor on the spot, eventually reported the matter to police.
The 28-year-old, who was charged with extortion on Tuesday, admitted that he had used the online alias “Carro” to attract men interested in buying sex and then hired two girls who were to meet the businessman.
But he claims his actions weren’t criminal, in part because they were part of a wider personal effort to expose paedophiles.
The 28-year-claimed he had successfully outed a number of paedophiles using the blackmail scheme.
“I think paedophiles are swine. I sent the money to different organizations which support victims of violence and sex crimes,” the 28-year-old told Skånskan.