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Ex-Financier Howard Rubin Arrested on Sex-Trafficking Charges

Ex-Financier Howard Rubin Arrested on Sex-Trafficking Charges

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The Frank Staff

The Frank Staff.
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@TheFrank_com
The Frank Staff
author

The Frank Staff

The Frank Staff.
[email protected]
@TheFrank_com

Sep 27, 2025

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Former Big Apple financier Howard Rubin was once a high-flying money manager and generous philanthropist with ties to George Soros — whose high-stakes dealings saw him featured in best-selling books like “Liar’s Poker” and “The Big Short.”

Rubin and his wife, Mary Henry, were a power couple well-known in New York City high society for donating big bucks to good causes, such as New York Junior League and Hope for a Cure.

But his reputation and glamorous Wall Street career came publicly crashing down almost a decade ago when sickening accusations first surfaced that he had allegedly been abusing women in a secret Manhattan penthouse dungeon.

Now, the 70-year-old retired finance bigwig has found himself in cuffs after the feds slapped him with a slew of sex-trafficking charges over an alleged decade-long scheme in which he recruited and coerced former Playboy models and other women to have sex with him.

Here’s a closer look at the disgraced financier’s background

At the height of his career, Rubin — also known as “Howie” and “H” — was raking in the cash, schmoozing his way around the Big Apple’s philanthropy circuit and living it up in his multi-million dollar homes.

Rubin grew up in Massachusetts, the son of a researcher for Polaroid in Cambridge, and graduated from Lafayette College with a degree in chemical engineering.

After a brief stint as a Vegas card counter, he scored an MBA from Harvard and then turned his attention to Wall Street.

He began making dough as a bond trader at Salomon Brothers back in 1983 and steadily started climbing the ranks.

At one point, he was working for the Soros Fund Management — the firm created by the billionaire investor.

His dealings were featured in best-selling books, including “Liar’s Poker” and “The Big Short.”

In his personal life, Rubin married Henry, a fellow Wall Streeter, in 1985, and the pair went about becoming well-heeled Manhattanites.

Their property portfolio, at one point, included a multi-million-dollar co-op on the Upper East Side and a $9 million waterfront estate in the Hamptons.

In 2013, a Big Apple society photo captured the then-happy couple swanning through a ritzy benefit at the Pierre Hotel.

The duo, who have three kids together, gave $500,000 to charitable causes in 2015 and 2016, including the New York Junior League and Hope for a Cure.

The couple was known for their philanthropy, too, having once donated roughly $500,000 to a handful of charities in a single year.

But Rubin was slapped with a handful of lawsuits in late 2017 in which multiple women, including Playboy playmates, accused him of paying them to engage in brutal sex sessions at a BDSM-themed Midtown pad that he rented.

Rubin allegedly viciously beat and abused some of the women inside a side room that featured a slew of ropes, chains and sex toys, the lawsuit charged.

He would pay the alleged victims between $2,000 and $5,000 per session, one suit stated.

Rubin denied the claims at the time.

Henry filed for divorce in July 2021 after 36 years of marriage.

The allegations surfaced years before he was ultimately picked up by the feds on Friday at his home in Fairfield, Conn., on a 10-count indictment for “torturing women beyond their consent.”

Prosecutors allege Rubin ran an extensive network between at least 2009 and 2019 where he recruited women to engage in sex in exchange for money — often relying on force, fraud and coercion, prosecutors said.

Rubin and his assistant, Jennifer Powers, who was also indicted, allegedly spent more than $1 million of his money funding the operation.

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