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Crime Stories with Nancy Grace

FRIDAY NIGHT SPECIAL: ESTRANGED WIFE OF ACCUSED MONEY MANAGER SEX-TRAFFICKING SUSPECT HOWARD RUBIN INSISTS " HE'S A FAMILY MAN. SET HIM FREE"

Crime Stories with Nancy Grace

iHeartPodcasts and CrimeOnline

News, True Crime

3.97.6K Ratings

🗓️ 29 November 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

The estranged wife of former financier and accused depraved sex trafficker Howard Rubin says he should be allowed bond. Mary Henry, in a letter to the court, say Rubin is actually a loving grandfather who should should be allowed to spend time with his three young grandchildren until trial.  

Former Wall Street money manager Howard Rubin busted by the feds at his Fairfield, Connecticut, home for a decade-long Manhattan sex-trafficking scheme. With the help of his assistant, Jennifer Powers, “Howie” Rubin is accused of luring women into BDSM sex sessions in exchange for cash, then exceeding their consent and torturing and raping his victims.

Rubin accused of luring victims to BDSM sex sessions, first in luxury Manhattan hotels and later in his $18,000-per-month penthouse apartment, equipped with a soundproof “sex dungeon.” Women were bound on a bed or a cross, beaten, and electrocuted. The pleas of those who weren’t gagged went ignored, and the torture often continued even when a woman fell unconscious.  Rubin allegedly paid the women several thousand dollars afterward, including for injuries that required medical attention, like a flipped breast implant.  

10 Jane Does are listed as victims in the indictment, but prosecutors from the Eastern District of New York say there are dozens more and are asking the public for tips. Rubin is charged with 2 counts of sex trafficking, 6 counts of transporting women to engage in prostitution, and bank fraud.  

Howard Rubin’s name becomes a Wall Street commodity in the 1980s while trading bonds at Salomon Brothers. Rubin is profiled in Michael Lewis’ 1989 book Liar’s Poker for his contributions to the development of a collateralized mortgage obligation market.  Rubin goes on to hold senior positions at Merrill Lynch, Bear Stearns, and Soros Fund Management. 

Rubin's successful life doesn't stop him from getting married to fellow financier, Mary Henry. After three children and 36 years of marriage, Henry divorces her husband when he is accused of sexual violence in a civil suit.  

Rubin tasked Jennifer Powers, his “personal assistant,” with recruiting victims. Powers is arrested at her home in a Dallas-Fort Worth suburb, accused of running the “day-to-day” operations of Rubin’s sex-trafficking scheme and being paid handsomely. Powers arranged the victims’ travel and coerced them into signing NDAs. This evil empire these two created by victimizing so many is crumbling, and more victims are expected to speak out. 

Joining Nancy Grace today:

  • Danny Rubin - Criminal Defense Lawyer and Founder of Rubin Law, PC. website: rubinlawpc.com
  • Dr. Bethany Marshall -  Psychoanalyst, Author: "Deal Breaker," and featured in hit show "Paris in Love" on Peacock; Instagram & TikTok: drbethanymarshall, X: @DrBethanyLive
  • Dan Murphy - Former NYPD Detective-Sergeant, Joint Terrorism Task Force, Former Chief Security Officer, US Bancorp, andCo-Host of "Gold Shields" Podcast; Author: “Workplace Safety: Establishing an Effective Violence Prevention Program”
  • Lynn Shaw - Founder and Executive Director of Lynn's Warriors - An Organization Committed to Ending Human Trafficking and Sexual Exploitation,  Host of Lynn's Warriors on YouTube;  X: @lynns_warriors, YouTube: @LynnsWarriors
  • Megan Palin - Senior Journalist, The New York Post; X: @megan_palin
  • Sydney Sumner - Investigative Reporter, 'Crime Stories'

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

This is an I-Heart podcast.

0:02.3

Guaranteed Human.

0:04.7

Crime Stories with Nancy Grace.

0:10.5

In the last hours, the wife of a money manager, sex trafficker suspect, Howard Rubin, insists her husband is, quote, a family man

0:26.4

who should be freed on bond. I'm Nancy Grace. This is crime stories. I want to thank you for being with us.

0:40.5

Yes, love is blind, I guess. Former Finance Year and depraved sex trafficker suspect millionaire Howard Rubin is actually a loving

0:52.1

grandfather and father who should walk free on $50 million bond,

0:58.1

and he's got it too, by the way, says his wife in new court documents.

1:02.9

If he's such a great family man and you love him so much, why are you estranged?

1:09.0

Why weren't you living together in holy matrimony?

1:12.9

Hmm? Mary Henry writes a letter to the court, demanding the judge, spring, her bond-trading

1:20.8

husband, Howard Rubin, on a whopper bell package so he can continue, quote, spending time with

1:27.0

his three young grandchildren.

1:28.8

Translation, torturing women in his soundproof dungeon. Oh, who said that? Oh, it was me.

1:36.3

Has she lost her mind? Or is he paying her to write this letter? That's possible. Because this is what we know.

1:43.9

Howard Rubin, multi-millionaire financier, a money manager. That's what he's called. A money

1:51.4

manager. He manages other people's money, much like Epstein, Jeffrey Epstein, who apparently brought in, you know, a couple of million dollars,

2:04.4

but somehow was transferring out $500 million to overseas accounts, including Russian banks that

2:13.4

were on the U.S. watch list. What is it with these money managers?

2:19.9

And how does this guy, not Epstein, but Rubin, allegedly lure women, educated women,

2:28.8

into his sex dungeon that he personally had soundproofed. Okay, right there, right there, I need a shrink right now.

2:40.1

Let's go straight out to Dr. Bethany Marshall, psychoanalyst joining us out of L.A.

...

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