Famed money manager 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.

Prosecutors alleged a litany of stomach-churning, abusive acts against women by the 70-year-old Rubin, who first gained infamy in the 1980s with an unauthorized trade that cost his then-firm tens of millions in losses.

A federal magistrate judge in Brooklyn, New York, ordered Rubin detained without bail, for now, after prosecutors argued the former Salomon Brothers bond trader was a flight risk and that he had discussed hiring a "hit man to target women who had filed a civil suit against him."

Prosecutors also cited the retired Wall Streeter's alleged prior attempts a

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