Financier Howard Rubin Arrested on Federal Sex Trafficking Charges, DOJ Says

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Rubin was arrested this morning in Fairfield, Connecticut, and will be arraigned Friday, officials said.

Retired money manager Howard Rubin and a former personal assistant were arrested Friday on charges of sex trafficking and other counts over the course of a decade, federal prosecutors said.

Under an indictment unsealed on Friday, Rubin is accused of using his “wealth to mislead and recruit women to engage in commercial sex acts, where Rubin then tortured women beyond their consent, causing lasting physical and/or psychological pain, and in some cases physical injuries,” U.S Attorney for the Eastern District of New York Joseph Nocella Jr. said in a statement.

Rubin was arrested this morning in Fairfield, Connecticut, and will be arraigned this afternoon in federal court in Brooklyn before U.S. Magistrate Judge Peggy Kuo.

The indictment further stated that Rubin, who had been a manager at Soros Fund Management, “engaged in conduct beyond the scope of the women’s consent” and “brutalized women’s bodies, causing them to fear for their safety and/or resulting in significant pain or injuries, which at times required women to seek medical attention.”

Rubin’s former assistant Jennifer Powers was also arrested on sex trafficking and other charges. Powers was arrested in Texas this morning and is scheduled to make her initial appearance on Monday in federal court in the Northern District of Texas. She will be arraigned in the Eastern District of New York at a later date.

Between at least 2009 and 2019, Rubin ran an extensive network where he recruited women, often former Playboy models, to engage in sex in exchange for money, often relying on force, fraud, and coercion, prosecutors said.

Rubin and Powers are alleged to have spent more than $1 million of Rubin’s money funding the operation, prosecutors added.

The DOJ said in a statement that Rubin and Powers made the women who were involved sign non-disclosure agreements (NDAs) that required them “to assume the risk of the hazards and injury” in their encounters with Rubin. The NDAs also prohibited disclosure of the information about the encounters and mandated the payment of damages if they breached the contract.

By Jack Phillips

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