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Ex-Financier Howard Rubin Indicted on Sex-Trafficking Charges, Ordered Held Without Bail

Prosecutors describe a yearslong scheme using NDAs, structured payments, interstate travel, a soundproofed penthouse room to control and harm women.

Overview

  • Rubin, 70, pleaded not guilty in Brooklyn federal court after FBI agents arrested him in Fairfield, Connecticut, as a 10-count indictment was unsealed in EDNY.
  • Former assistant Jennifer Powers was arrested in Southlake, Texas, with prosecutors alleging she recruited women, arranged travel and maintained the Manhattan penthouse room.
  • The indictment details encounters from 2009 to 2019 at luxury hotels and a leased penthouse converted into a red, soundproofed room with restraints and devices to deliver electric shocks.
  • Ten Jane Does are identified, with prosecutors alleging violence beyond consent, injuries requiring medical attention, encouragement to use alcohol or drugs, and threats tied to nondisclosure agreements.
  • Prosecutors say at least $1 million funded the operation, payments were routed via wire and apps with transactions structured to avoid bank reporting, and they cited overseas assets and alleged witness threats in seeking detention; the sex-trafficking counts carry a 15-year mandatory minimum and up to life.