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Ex-Financier Howard Rubin Held Without Bail After Federal Sex-Trafficking Indictment

Prosecutors say Rubin, aided by ex-assistant Jennifer Powers, ran a decade-long scheme recruiting women for violent paid BDSM encounters.

Overview

  • Rubin pleaded not guilty at his Brooklyn arraignment, and a magistrate judge ordered him detained after rejecting a proposed $25 million bond.
  • The unsealed EDNY indictment charges Rubin, 70, and Powers, 45, with sex trafficking and transporting women across state lines, carrying a 15-year mandatory minimum and up to life in prison.
  • Prosecutors allege encounters from 2009 to 2019 moved from luxury hotels to a Central Park penthouse with a red, soundproofed “dungeon” equipped with restraints and devices to shock women.
  • Women were recruited through social and modeling networks, required to sign NDAs, and some reported injuries requiring medical care, including a flipped breast implant that needed surgery.
  • Payments were sent by wire and apps and sometimes structured below $10,000; at least $1 million funded the operation, with FBI and IRS-CI involved, and Rubin also faces bank-fraud allegations tied to Powers’ Texas mortgage as she awaits a Monday court appearance.