Famed former Salomon Brothers bond trader Howard Rubin and his former personal assistant were arrested Friday morning on charges of sex trafficking and transporting women across state lines for commercial sex acts over the course of a decade.

Rubin, 70, participated in sex acts with the women in luxury hotels in New York, and later, a rented two-bedroom penthouse apartment in Manhattan that was converted into a so-called "sex dungeon" outfitted with bondage, discipline, dominance, submission and sadomasochism equipment, as well as soundproofing, a 10-count indictment alleges.

The equipment allegedly included a device to "shock or electrocute women," prosecutors said.

"During many such encounters, Rubin engaged in conduct beyond the scope of the women's consent," the indictment in U.S

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