are the police aware of the latest developments? althou that said I worry that any inclination of this man being taken away might push her towards him further?
(I had a relationshiop with a 22 yr old when I was 14, another story thou,) but from me thinging the way I felt then, it is possible she felt pressured into havign sex with him, and he told her he'd look after her/the baby as then they'd be together etc.
tbh I think both of you need to have councillling, I did for similar reasons (althou at 16) mum and I would go for a coffee after and talk the session thru - she was very open to all I had to say, and i'm sure a lot hurt her of how angry I was, would you be prepared to do something like that? - it's prob best for both of u to have independant councilling. down by mums they had an 'off the record' centre for under 25's to go to which was free and v good.
as for the baby, i'm afraid it's ultimatly her choice, all you can do is guide and hope for the best I think. if you say she's fully aware of the implications of what a baby entailes then it's her choice, however, make sure you let her know that under no circ will you allow her to go out all teh time etc leaving you holding the baby - the baby will be her responsiblity iycwim. I know you'll be doing your best what ever the outcome is.
also prob best to get to teh family planning clinic/dr's ASAP to discuss all options there as to how far she is etc.
good luck ((hugs)) don't forget MN is here for support - and for things for the baby if she chooses to keep it, i'm sure a lot of us can spare stuff to help out but that's the last of your worrys i'm sure.