Wall Street legend's $70 million bail offer denied in 'sex dungeon' case. He argued he's just a grandad now.

"Howard "Howie" Rubin, a once-prominent Salomon Brothers investment banker featured in the 1985 Wall Street expose "Liar's Poker," must remain in a federal jail in Brooklyn indefinitely as he fights sex-trafficking charges, a judge ruled on Wednesday. It was the third bail denial for Rubin, accused of paying women, many of them former Playboy models, $5,000 to engage in "fetish play," then constraining and torturing them, including by electrocuting them against their will."

"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. "The thing that is troubling me is I don't know if I can trust Mr. Rubin," Kuo said in denying bail. She said she has no way of knowing for certain if Rubin is mulling, "What does my life look like if I flee, and what does it look like if I stay?""

"Rubin was once considered one of Wall Street's most skilled and aggressive traders of complex mortgage securities, earning him roles at influential firms like Merrill Lynch and Soros Fund Management. 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 devo"

Howard "Howie" Rubin, 70, remains held without bail in a federal Brooklyn jail while he fights a 10-count sex-trafficking indictment. The indictment alleges attacks on 10 Jane Does between 2009 and 2019 in luxury hotels and a soundproofed bedroom 'sex dungeon' at his Manhattan penthouse, including constraining, torturing, and electrocution. Prosecutors allege he paid many women, including former Playboy models, $5,000 for fetish play. Magistrate Judge Peggy Kuo denied bail again, citing a $70 million Cayman Islands account and significant flight risk. Rubin pleaded not guilty, offered a $70 million bond, and contends encounters were consensual and ended in 2019.

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