Money Manager Howard Rubin Arrested on Federal Sex Trafficking Charges

Federal Sex Trafficking Charges

• 🚨 Money manager Howard Rubin has been arrested in Connecticut on federal charges of sex trafficking women.
• ⚖️ A 10-count indictment charges Rubin and his assistant, Jennifer Powers, with recruiting, coercing, and forcing women for commercial sex acts.
• ⛓️ Prosecutors allege the pair transported women across state lines to a Manhattan penthouse converted into a sex dungeon, as well as to luxury hotels.
• ⚡ Victims reportedly endured torture, including electrocution, and were forced to sign non-disclosure agreements with financial penalties for disclosure.

Financial and Legal Background

• 🏦 Rubin is also charged with bank fraud related to financing his assistance.
• ⏳ Convictions for sex trafficking can carry a life sentence.
• 📅 In 2017, Rubin was sued by three models for rape and was ordered to pay millions of dollars.

Professional Affiliations

• 💼 Rubin previously worked for prominent Wall Street firms including Solomon Brothers, Bear Stearns, and Merrill Lynch.
• 🤝 He also worked for George Soros.