It's a jump, isn't it? If you get greedy and lustful, you will naturally be trapped, but if you are not willing to do so, just call the police; although the police will also lead to damage to the reputation, but at least you can bring the set-up person to justice, and they lose more than you; and other people see that this is triggered by you calling the police, and they will think that you are being framed. That's the best solution, to cut off the root of the problem.
Secondly, there is only money to spend. The other side set up nothing more than want to force you to take money or compromise something, can use money to solve things are not a problem.