{"id":40999,"date":"2025-12-17T22:51:33","date_gmt":"2025-12-17T22:51:33","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/wall-street-legends-70-million-bail-offer-denied-in-sex-dungeon-case-he-argued-hes-just-a-grandad-now\/"},"modified":"2025-12-17T22:51:33","modified_gmt":"2025-12-17T22:51:33","slug":"wall-street-legends-70-million-bail-offer-denied-in-sex-dungeon-case-he-argued-hes-just-a-grandad-now","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/wall-street-legends-70-million-bail-offer-denied-in-sex-dungeon-case-he-argued-hes-just-a-grandad-now\/","title":{"rendered":"Wall Street legend&#8217;s $70 million bail offer denied in &#8216;sex dungeon&#8217; case. He argued he&#8217;s just a grandad now."},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/694317e264858d02d21700c8?format=jpeg\" alt=\"Financier Howard Rubin (center).\"\/><figcaption>Financier Howard Rubin (center) was arraigned on sex trafficking charges on Friday.<\/p>\n<p>JONATHON ZIEGLER\/Patrick McMullan via Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Ex-Salomon Brothers bond trader Howard Rubin was denied bail a 3rd time in his sex trafficking case.<\/li>\n<li>Prosecutors say he paid former Playboy models to engage in &quot;fetish play,&quot; then tortured them.<\/li>\n<li>Rubin says the encounters were consensual and ended in 2019; he&#039;s just a granddad now, he argued.<\/li>\n<\/ul>\n<p>Howard &quot;Howie&quot; Rubin, a once-prominent Salomon Brothers investment banker featured in the 1985 Wall Street expose &quot;Liar&#039;s Poker,&quot; must remain in a federal jail in Brooklyn indefinitely as he fights sex-trafficking charges, a judge ruled on Wednesday.<\/p>\n<p>It was the third bail denial for Rubin, accused of paying women, many of them former Playboy models, $5,000 to engage in &quot;fetish play,&quot; then constraining and torturing them, including by electrocuting them against their will.<\/p>\n<p>Magistrate Judge Peggy Kuo said her main concern is the risk that the wealthy financier, who has a $70 million account based in the Cayman Islands, would flee the country.<\/p>\n<p>&quot;The thing that is troubling me is I don&#039;t know if I can trust Mr. Rubin,&quot; Kuo said in denying bail. She said she has no way of knowing for certain if Rubin is mulling, &quot;What does my life look like if I flee, and what does it look like if I stay?&quot;<\/p>\n<p>Rubin&#039;s 10-count indictment alleges a series of attacks against 10 Jane Does between 2009 and 2019 in luxury hotels and a soundproofed bedroom &quot;sex dungeon&quot; at his Manhattan penthouse apartment.<\/p>\n<p>Rubin, 70, of Fairfield, Connecticut, pleaded not guilty and has been held without bail since his arrest in September. Rubin was once considered one of Wall Street&#039;s most skilled and aggressive traders of complex mortgage securities, earning him roles at influential firms like Merrill Lynch and Soros Fund Management.<\/p>\n<p>In his latest bid for freedom, his lawyers had offered a $70 million bond, co-signed by family members. They include his wife, who has been divorcing him since 2021, and who wrote a letter to the judge extolling his devotion to three young grandchildren, who call him &quot;Pops.&quot;<\/p>\n<p>&quot;There is no allegation that Mr. Rubin engaged in any BDSM activity since 2019,&quot; his lawyers wrote in bail arguments filed Tuesday. &quot;He has been living in Connecticut for years, devoted to the care of his grandchildren,&quot; they wrote.<\/p>\n<p>Federal prosecutors countered that no amount of bail or electronic monitoring could guarantee Rubin&#039;s return to court; they also say that he has used threats and coercion to silence his accusers, allegations Rubin denies.<\/p>\n<p>Rubin&#039;s former personal assistant, Jennifer Powers, has been charged with pocketing millions of dollars to arrange the encounters; she has pleaded not guilty to sex trafficking charges and is free on $850,000 bail.<\/p>\n<p>Her husband, Stephen Powers, is free on $250,000, according to court records. Both Powers have pleaded not guilty to bank and tax fraud in connection with the encounters.<\/p>\n<p>Three attorneys for Rubin did not immediately respond to a request for comment on Wednesday. A Department of Justice spokesperson declined to comment.<\/p>\n<p>Rubin is due back in court on January 15. If convicted of the top sex trafficking charge, he faces a mandatory minimum sentence of 15 years and as much as life in prison.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financier Howard Rubin (center) was arraigned on sex trafficking charges on Friday. JONATHON ZIEGLER\/Patrick McMullan via Getty Images Ex-Salomon Brothers bond trader Howard Rubin was denied bail a 3rd time in his sex trafficking case. Prosecutors say he paid former Playboy models to engage in &quot;fetish play,&quot; then tortured them. Rubin says the encounters were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-40999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/40999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=40999"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/40999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/41000"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=40999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=40999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=40999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}