Breaking news, Contessa. Money manager Howard Rubin has been arrested in Connecticut on federal charges of sex trafficking women. A 10-count indictment charges Rubin and his longtime personal assistant Jennifer Powers with recruiting, coercing, and forcing women for commercial sex acts, transporting the women in interstate commerce.
The Department of Justice says Rubin took those women to a Manhattan penthouse apartment that had been converted to a sex dungeon, also to luxury hotels, and then tortured women beyond their consent, including electrocution. It’s a fairly detailed prosecution claim here. Prosecutors say the pair forced those victims then to sign nondisclosure agreements that put financial consequences on them if they told.
Rubin‘s charged with bank fraud connected to financing his assistant’s Texas mortgage. Now, sex trafficking convictions could carry a life sentence here. Rubin also was sued in 2017 by three models who say that he raped them and was ordered to pay millions of dollars for that.
Rubin had worked for many Wall Street firms, including Salomon Brothers, Bear Stearns, Merrill Lynch, and also for George Soros. We’re just getting those details right now from the Department of Justice, and we’ll continue to pursue more information.
