Overview

• A 10-count indictment unsealed in Brooklyn charges the retired financier and former assistant Jennifer Powers with sex trafficking and transporting women for commercial sex acts, and adds a bank fraud count against Rubin.
• Magistrate Judge Peggy Kuo rejected Rubin’s $25 million bond proposal, citing flight risk and public safety, after his arrest at his Fairfield, Connecticut home and arraignment in EDNY.
• Powers was arrested in Southlake, Texas and is scheduled for an initial appearance in the Northern District of Texas, with an EDNY arraignment to follow.
• Prosecutors allege a 2009–2019 scheme that recruited women, including former Playboy models, for encounters in luxury hotels and a Midtown penthouse outfitted as a soundproofed “dungeon” with BDSM equipment and a device used to shock women.
• The indictment details NDAs, payments often set at $5,000 per encounter, more than $1 million spent to run the operation, and alleged structuring of transfers, with Rubin facing up to life on trafficking charges and up to 30 years on bank fraud.