New York Financial Howard Rubin Ariaged on Sex Trafficking Charges

New York Financial Howard Rubin Was Arraged on Friday Afternion and Held With Bail on Charges of Sex Trafficking.

In a 10-Count indictmentThe Department of Justice has accused rubin and his personal assistant, Jennifer Powers, of Transporting Women to a “Sex Dungeon” in a New York Penthouse to Engage in Various Sex with Rubin.

Rubin Pleaded Not Guilty to the Charges. A Lawyer for Rubin Did Not Immediately Respond to Requests for Comment from Business Insider.

John Marzulli, A Spokesperson for the Prosecution, Told Business Insider That Magistrate Judge Kuo Reject Rubin’s Bail Application – Release on A $ 25 Million Bond – Citting Concerns Over Public and Rubin’s risk of Flight. She oroured Him detail.

The Indictment lays out allegations that encounters with paid sex workers were facilitated by Powers and Included Acts Involving Bondage, Discipline, Dominance, and Sadomasochism (OR “BDSM”).

The Indictment Alleges That During “Many” of Such Encaunters, Rubin “Brutalized Women’s Bodies, Caususg Their for their Safety and/Resulting in Significant Pain or Injuries, Which at Times Required Women to Medical Attention.”

“For Many Years, Howard Rubin and Jennifers Powers Allegedly Spent at Least One Million Dollars to Finance the Commercial Sexual torture of Multiple Women Via a National Trafficking Network,” FBi Assistant in Charge Christopher Raia Said in A stherent About the Charges. “The Defendants Allegedly Exploited Rubin’s Status to Ensnare Their Prospective Victims and Force I said to endure unhinkable Physical trauma before silencing any outcries with threats of legal recourse.”

Rubin is a retired Money Manager who has worked for some of the Wall Street’s Most Prominent Firms, Including Salomon Brothers, Bear Stearns, and George Soros’s Hedge End.

Rubin Got His Start at Solomon Brothers in 1982, where he worked under lew Ranieri and Became One of Wall Street’s Most SuccessFul Mortgage-Backed Securities Traders, Acciting to A 1999 Mortgage Bucked Securities Letter, An an industry publication. It Said Ranieri Once Called Rubin “The Most Innately Talent Young Trader of Have Ever Seen.”

After Solomon Brothers, Rubin Went to Merrill Lynch, where he was the firm’s head Mortgage Security Trader. In 1987, The Bank Dishessed Him, Tied to $ 250 Million in Losses It Said it Sustained As A Result of Unautorized Mortgage-Securities Trading, The Wall Street Journal at the Time.

He late workhed as Bear stearns’ Mortgage Trading Chief, Retring in 1999, and late for the soros end management, when it was still a hedge end. The firm is now Billionaire George Soros’s Family Office.

Rubin is 70 Years Old and Lives in Fairfield, Connecticut, Prosecutors Said.