FAIRFIELD, CT – Federal authorities arrested former Wall Street money manager Howard Rubin at his Connecticut home Monday on charges of operating a decade-long sex trafficking operation that allegedly involved luring women to a soundproof dungeon in his Manhattan penthouse.
Rubin, along with his assistant Jennifer Powers, faces multiple federal charges from prosecutors in the Eastern District of New York. The indictment alleges the pair orchestrated a scheme in which women were promised payment for consensual BDSM sessions but were then subjected to torture and sexual assault beyond their agreed boundaries.
According to court documents, Rubin initially conducted the illegal activities at luxury Manhattan hotels before moving operations to his $18,000-per-month penthouse apartment. The residence was specially equipped with a soundproof room described by investigators as a “sex dungeon” designed to prevent victims from being heard.
The indictment lists 10 Jane Does as victims, though federal prosecutors indicated the actual number of victims could be substantially higher. Authorities are actively seeking additional victims and witnesses to come forward as the investigation continues.
Investigators allege the scheme operated for approximately 10 years, with Rubin using his wealth and professional reputation to attract victims. Powers allegedly assisted in recruiting women and facilitating the encounters, often presenting them as legitimate business arrangements.
Rubin, who previously worked on Wall Street managing significant investment portfolios, allegedly exploited his financial resources to maintain the elaborate operation while keeping victims silent through intimidation and manipulation.
Federal agents executed a search warrant at Rubin’s Fairfield home early Monday morning, taking him into custody without incident. Powers was arrested separately in New York City.
Both defendants are charged with sex trafficking conspiracy, sex trafficking by force, fraud and coercion, and other related offenses. If convicted on all counts, they face potential life sentences.
The U.S. Attorney’s Office for the Eastern District of New York is leading the prosecution. Officials have established a dedicated tip line for potential victims or individuals with information about the case.
Rubin was denied bail during his initial court appearance, with the judge citing him as a flight risk and a danger to the community. Powers is being held pending a detention hearing scheduled for later this week.
The case has drawn attention to the intersection of wealth, power, and sexual exploitation, with advocates calling for stronger protections for vulnerable individuals targeted by predators in positions of financial authority.
