Howard Rubin, a retired New York financier, was indicted in September 2025 on a 10-count federal indictment alleging a decade-long sex-trafficking scheme. Prosecutors assert that between 2009 and 2019, Rubin and his former personal assistant, Jennifer Powers, recruited dozens of women—often under false pretenses—to travel to New York for commercial sex acts involving bondage, discipline, dominance, submission, sadomasochism, and other abuses. The indictment claims Rubin controlled a Manhattan penthouse featuring a soundproofed room dubbed “The Dungeon,” equipped with bondage gear and devices that could electrocute victims, and that he often ignored safe words, continued assaults beyond consent, and subjected victims to lasting physical and psychological harm.

Alongside the trafficking charges, Rubin also faces a count of bank fraud tied to concealing over $8 million in financing while arranging a mortgage for Powers’ residence. Arrested at his Connecticut home, Rubin pleaded not guilty, but a judge denied bail, citing him as both a flight risk and a danger to others. Powers was separately taken into custody in Texas. If convicted, Rubin faces a mandatory minimum of 15 years and could receive a life sentence, marking one of the most high-profile sex-trafficking prosecutions against a former Wall Street figure.


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Financier tied to Soros Fund accused of luring women to NYC ‘sex dungeon’ | Fox News