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Ex-Salomon Trader Rubin Ordered to Pay $3.85 Million to Women Who Alleged Abuse

  • Ex-portfolio manager said women consented to the encounters
  • Brooklyn jury finds Rubin liable for sex trafficking, battery

Former Salomon Brothers bond trader Howard Rubin was ordered to pay $3.85 million to a group of women who alleged they were lured into his Manhattan penthouse for abusive sexual encounters.

After a 10-day trial, a jury in Brooklyn found Rubin liable this week for sex trafficking and one claim of battery and ordered him to pay $3 million in compensatory damages and $850,000 in punitive damages.