Howard Rubin, ex-NYC financier with ties to George Soros, arrested for allegedly sex-trafficking women to ‘sex dungeon’ penthouse: feds

A retired Big Apple financier who once had ties to George Soros was arrested Friday for sex-trafficking former Playboy models and other women to a penthouse turned BDSM “sex dungeon,” federal prosecutors alleged.

Howard Rubin, 70, was picked up at his home in Fairfield, Ct,. on a 10-count indictment for “torturing women beyond their consent,” Brooklyn US Attorney Joseph Nocella charged in a statement.

The famed former money manager — known as “Howie” and “H” — is accused of abusing the victims first at a luxury New York City hotel and then later at a two-bedroom penthouse that he morphed into a dungeon filled with BDSM equipment between 2009 and 2019, prosecutors said.

One of the bedrooms was soundproofed and painted red, and had a device that was used to shock or electrocute the women, the feds said.

Rubin also had a stash of non-disclosure agreements he kept in a safe that he forced the women to sign, the US Attorney’s Office alleged.  

His personal assistant, Jennifer Powers, 45, was also facing charges of sex trafficking for allegedly helping him arrange the sickening conduct. She was arrested Friday morning in Texas.

She allegedly helped recruit and fly the victims – often former Playboy models — into New York to have sex with Rubin, according to a detention letter penned by the feds.  

After the sexual encounters, Rubin or Powers allegedly paid the victims through a wire transfer or PayPal and Venmo, but staggered the payments to avoid sending $10,000 in a single shot, allowing them to remain under the radar, according to prosecutors.

Overall, it’s estimated at least $1 million of Rubin’s money was spent on the alleged sex trafficking.

Rubin is a retired Wall Street high roller who has managed money for the Soros Fund and other wealthy clients.

He was set to be arraigned in Brooklyn Federal Court Friday afternoon.

Rubin and Powers are both facing charges of sex trafficking and transporting women in interstate commerce for sex acts.

Rubin was also hit with a federal bank fraud charge for allegedly offering misrepresentations made to a bank while financing Powers’ mortgage for a house in Texas she shared with her husband.   

“As alleged, the defendants used Rubin’s wealth to mislead and recruit women to engage in commercial sex acts, where Rubin then tortured women beyond their consent, causing lasting physical and/or psychological pain, in some cases physical injuries,” said Nocella.

A lawyer for Rubin did not immediately return a request for comment.