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Howie Rubin
Jonathon Ziegler | Patrick McMullan | Getty Pictures
Famed retired cash supervisor Howard Rubin and his former private assistant had been arrested Friday morning on expenses of intercourse trafficking and transporting girls throughout state traces for industrial intercourse acts over the course of a decade.
Rubin, 70, participated in intercourse acts with the ladies in luxurious motels in New York, and later, a rented penthouse condo in Manhattan that was transformed right into a so-called “intercourse dungeon” outfitted with bondage, self-discipline, dominance, submission and sadomasochism tools, in addition to soundproofing, a 10-count indictment alleges.
The tools allegedly included a tool to “shock or electrocute girls,” prosecutors stated.
“Throughout many such encounters, Rubin engaged in conduct past the scope of the ladies’s consent,” the indictment in U.S. District Courtroom in Brooklyn, New York, alleges.
“Throughout many of those encounters, Rubin brutalized girls’s our bodies, inflicting them to concern for his or her security and/or leading to vital ache or accidents, which at instances required girls to hunt medical consideration,” the indictment expenses.
Rubin and his ex-personal assistant, Jennifer Powers, 45, spent at the least $1 million of Rubin’s cash “working and sustaining the trafficking community,” the indictment stated.
Rubin was arrested by FBI brokers at his house in Fairfield, Connecticut. He’s scheduled to be arraigned on Friday afternoon in Brooklyn federal courtroom.
Rubin is a former bond dealer at Salomon Brothers, and in addition did stints at Bear, Stearns and Merrill Lynch.
He first gained public notoriety in 1987 for making unauthorized trades at Merrill Lynch, which the agency on the time stated contributed to an enormous $250 million loss from mortgage securities. Rubin’s motion at Merrill, which led to his termination, is detailed in Michael Lewis’ Wall Avenue memoir “Liar’s Poker.”
Powers was arrested in Texas and is scheduled to seem in U.S. District Courtroom for the Northern District of Texas. She can also be charged with financial institution fraud in reference to alleged misrepresentations she made to a financial institution whereas financing the mortgage for her and her husband’s house in Southlake, Texas, authorities stated.
The constructing of Howard Rubin’s New York condo.
Courtesy: Google Maps
Powers is accused within the indictment of facilitating Rubin’s industrial sexual encounters from at the least 2011 by way of 2019, allegedly recruiting girls to journey to New York and paid for his or her acts with Rubin, in addition to managing “the fallout from girls’s complaints” stemming from these acts.
CNBC has requested remark from Rubin’s legal professional, Michael Gilbert.
The indictment alleges the intercourse trafficking of six girls, a few of whom had been additionally recognized as girls who had been transported throughout state line with the intent to have interaction in prostitution, in violation of the Mann Act.
“Rubin and Powers required the ladies to signal non-disclosure agreements … which presupposed to require the ladies to imagine the chance of the hazards and damage of the BDSM encounters with Rubin, prohibit the disclosure of details about the BDSM intercourse with Rubin and require the fee of damages within the occasion of a breach,” the Brooklyn U.S. Attonrney’s Workplace stated in a press release.
“Rubin used the NDAs to threaten the ladies with authorized penalties and public shaming in the event that they sought authorized recourse,” the workplace stated.
The workplace additionally stated that after Rubin’s alleged sexual encounters with girls, “Rubin and/or Powers used Rubin’s cash to pay the ladies by wire switch or a fee service akin to PayPal or Venmo.”
“At instances, Powers structured the funds to keep away from sending a single transaction of $10,000 or extra, to keep away from triggering reporting obligations by the financial institution,” the workplace stated. “The indictment alleges the defendants spent at the least $1 million of Rubin’s cash working and sustaining the trafficking community.”
If convicted of intercourse trafficking, Rubin and Powers every face a most potential sentence of life in jail and a compulsory minimal sentence of 15 years in jail.
Rubin was sued in 2017 by two self-identified Playboy fashions and one other mannequin from Florida, who claimed they had been crushed, sexually abused and raped by Rubin in a number of incidents in New York Metropolis in 2016.
“As alleged, the defendants used Rubin’s wealth to mislead and recruit girls to have interaction in industrial intercourse acts, the place Rubin then tortured girls past their consent, inflicting lasting bodily and/or psychological ache, and in some instances bodily accidents,” Brooklyn U.S. Lawyer Joseph Nocella stated in a press release.
“At present’s arrests present that nobody who engages in intercourse trafficking, on this case in luxurious motels and a penthouse condo that featured a so-called intercourse ‘dungeon,’ is above the regulation, and that they are going to be dropped at justice,” Nocella stated.
“Human beings are usually not chattel to be exploited for intercourse and sadistically abused, and anybody who thinks in any other case can look forward to finding themselves in handcuffs and dealing with federal prosecution like these defendants,” he stated.
— CNBC’s Jim Forkin contributed to this story
That is breaking information. Test again for updates.
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