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Former Soros Fund Manager Rubin Detained In Sex Trafficking Case, Assistant Arrested In Southlake

Federal agents arrested famed money manager Howard Rubin and his former personal assistant on sex trafficking charges tied to abusive encounters with women.

Agents took Rubin, 70, into custody Friday at his home in Fairfield, Connecticut. Prosecutors alleged he trafficked women, transported them across state lines for commercial sex acts, and brutalized them in encounters that went beyond consent.

Rubin, a former Soros Fund manager, was arrested on a 10-count indictment alleging he “often target[ed] former Playboy models” to “engage in commercial sex acts.” He managed a Mortgage-Backed Securities Fund for Soros Fund Management LLC in 2008 and left the firm in 2015, according to the Independent.

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“During many such encounters, Rubin engaged in conduct beyond the scope of the women’s consent,” the indictment alleged. “During many of these encounters, Rubin brutalized women’s bodies, causing them to fear for their safety and/or resulting in significant pain or injuries.”

The indictment said Rubin converted a Manhattan penthouse into a soundproofed “sex dungeon” with bondage and sadomasochism equipment. Prosecutors alleged it included a device designed to “shock or electrocute women.” They also alleged that Rubin and assistant Jennifer Powers spent at least $1 million maintaining the operation from 2009 through 2019.