Money manager Howard Rubin arrested on federal sex trafficking charges

Howard Rubin was sued in 2017 by two self-identified Playboy models and another model from Florida, who claimed they were beaten, sexually abused and raped.

Money manager Howard Rubin arrested on federal sex trafficking charges

Howie Rubin

Jonathon Ziegler | Patrick McMullan | Getty Images

Famed money manager Howard Rubin was arrested Friday morning on charges of sex trafficking and transporting women across state lines for commercial sex acts over the course of a decade, according to a new indictment.

Rubin participated in sex acts with the women in luxury hotels, and later, a rented penthouse apartment in Manhattan that was converted into a so-called "sex dungeon," the court filing says.

"During many such encounters, Rubin engaged in conduct beyond the scope of the women's consent," an indictment alleges.

The 70-year-old Rubin, whose formal personal assistant, Jennifer Powers, was also arrested and charged in the case, is scheduled to be arraigned on Friday afternoon in federal court in Brooklyn, New York.

Rubin was arrested by FBI agents at his home in Fairfield, Connecticut. Powers was arrested in Texas.

Rubin was sued in 2017 by two self-identified Playboy models and another model from Florida, who claimed they were beaten, sexually abused and raped by Rubin in multiple incidents in New York City in 2016.

This is breaking news. Check back for updates. 

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