Former Wall Street money manager Howard Rubin is busted by the feds at his Fairfield, Connecticut, home for a decade-long Manhattan sex-trafficking scheme. With the help of his assistant, Jennifer Powers, “Howie” Rubin is accused of luring women into BDSM sex sessions in exchange for cash, then exceeding their consent and torturing and raping his victims.
Rubin is accused of luring victims to BDSM sex sessions, first in luxury Manhattan hotels and later in his $18,000-per-month penthouse apartment, equipped with a soundproof “sex dungeon.” Women were bound on a bed or a cross, beaten, and electrocuted. The pleas of those who weren’t gagged went ignored, and the torture often continued even when a woman fell unconscious. Rubin allegedly paid the women several thousand dollars afterward, including for injuries that required medical attention, like a flipped breast implant.
10 Jane Does are listed as victims in the indictment, but prosecutors from the Eastern District of New York say there are dozens more and are asking the public for tips. Rubin is charged with 2 counts of sex trafficking, 6 counts of transporting women to engage in prostitution, and bank fraud.
Howard Rubin’s name becomes a Wall Street commodity in the 1980s while trading bonds at Salomon Brothers. Rubin is profiled in Michael Lewis’ 1989 book Liar’s Poker for his contributions to the development of a collateralized mortgage obligation market. Rubin goes on to hold senior positions at Merrill Lynch, Bear Stearns, and Soros Fund Management.
Rubin's successful life doesn't stop him from getting married to fellow financier, Mary Henry. After three children and 36 years of marriage, Henry divorces her husband when he is accused of sexual violence in a civil suit.
Rubin tasked Jennifer Powers, his “personal assistant,” with recruiting victims. Powers is arrested at her home in a Dallas-Fort Worth suburb, accused of running the “day-to-day” operations of Rubin’s sex-trafficking scheme and being paid handsomely. Powers arranged the victims’ travel and coerced them into signing NDAs. This evil empire these two created by victimizing so many is crumbling, and more victims are expected to speak out.
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