Retired financier Howard Rubin and a former personal assistant have been arrested on sex trafficking charges. Rubin has also been charged with bank fraud in relation to misrepresentations made to a bank while financing his assistant Jennifer Powers’ mortgage, the Department of Justice explained.
Between 2009 and 2019, Rubin and Powers recruited women to travel to New York City to engage in commercial sex acts. The women were required to sign non-disclosure agreements.
United States Attorney Nocella said the defendants “used Rubin’s 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.”
Special Agent in Charge of IRS-CI Chavis explained that while Rubin “dehumanized these women with abhorrent sexual acts, Powers is alleged to have run the day-to-day operations of the enterprise and got paid generously for her efforts. IRS-CI and FBI partnered to see fit that all the facts are detailed in this case and ensure that this pair realizes the full consequences of their ghastly behaviors.”
The indictment says Rubin “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 has been linked to George Soros as a portfolio manager and previously worked for Salomon Brothers. The New York Post reports that Rubin has been under investigation since 2017 after several women accused him of sexual assault. He lost the case in 2022.
