Famed Financier Howard Rubin Arrested on Federal Sex Trafficking Charges

Former Salomon Brothers bond trader Howard Rubin and his ex-personal assistant, Jennifer Powers, were arrested Friday morning on severe charges including sex trafficking and transporting women across state lines for commercial sex acts. The indictment alleges the illicit activities spanned a decade, with Rubin, 70, engaging in non-consensual acts with women in luxury hotels and a Manhattan penthouse converted into a ‘sex dungeon’ equipped with bondage gear and a device to ‘shock or electrocute women.’

Prosecutors claim Rubin’s conduct often went ‘beyond the scope of the women’s consent,’ causing significant pain and injuries that sometimes required medical attention. Rubin and Powers, 45, are accused of spending at least $1 million to operate and maintain the trafficking network. Rubin was arrested by FBI agents in Fairfield, Connecticut, and is scheduled for arraignment Friday afternoon in Brooklyn federal court. Prosecutors are requesting he be held without bail, citing flight risk and community safety concerns.

This arrest follows a 2022 civil verdict where a Brooklyn federal court jury found Rubin liable for sex trafficking six women, ordering him to pay $3.85 million in damages. Powers, who was arrested in Texas and faces a bank fraud charge, was not found liable in the civil case. Rubin, notorious for unauthorized trades at Merrill Lynch detailed in Michael Lewis’ ‘Liar’s Poker,’ has worked at various prominent financial firms.

阅读中文版 (Read Chinese Version)

Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.