A retired investment banker was arrested Friday at his Connecticut home on federal charges he trafficked women for sex acts in luxury hotels and at a Manhattan apartment converted into a sex dungeon with BDSM equipment, according to a federal indictment.
Howie Rubin, 70, and his former personal assistant, Jennifer Powers, 45, are charged with sex trafficking and transportation for the purposes of prostitution, according to the U.S. Attorney's Office for the Eastern District of New York.
At his arraignment in Brooklyn federal court, Rubin pleaded not guilty to all charges. A federal magistrate in Brooklyn rejected his proposed $25 million bond package and ordered him detained, finding he posed both a danger to the community and a flight risk.
Powers, who was accused of facilitating the alleged sex trafficking operation, was arrested in Texas.
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Rubin, a former top manager at Soros Fund Management and Bear Stearns, has been under investigation for years after multiple women claimed in 2017 he subjected them to beatings and rape. Rubin has long denied the accusations but the women won a multimillion dollar civil judgment against him for violating the Trafficking Victim Protection Act.
"For many years, Howard Rubin and Jennifer Powers allegedly spent at least one million dollars to finance the commercial sexual torture of multiple women via a national trafficking network," FBI Assistant Director in Charge Christopher Raia said in a statement. "The defendants allegedly exploited Rubin’s status to ensnare their prospective victims and forced them to endure unthinkable physical trauma before silencing any outcries with threats of legal recourse."
According to the criminal charges, from at least 2009 through 2019, Rubin recruited dozens of women to engage in commercial sex acts with him involving bondage, discipline, dominance, submission and sadomasochism.
"During many such encounters, Rubin engaged in conduct beyond the scope of the women's consent," the indictment said.
The indictment includes ten women, identified as Jane Does #1 through #10, who allege Rubin "brutalized" them, causing them to fear for their safety and resulting in significant pain or injuries, which at times required women to seek medical attention.