The name of the trap is attributed to Akiba Rubinstein, who unfortunately fell for it twice in two different games: Euwe-Rubinstein, played in Bad Kissingen in 1928, and Alekhine-Rubinstein, played in San Remo in 1930. However, Rubinstein was not the first person to be trapped by this particular tactic. The first recorded game to feature the trap was played between Amos Burn and Heinrich Wolf in Ostend in 1905.
If Black is careful, they will only lose a pawn. However, White’s position is active enough to turn this advantage into a victory eventually. And it is likely, especially at non-master level, that the opponent won’t spot the danger, accept the knight sacrifice, and find themselves down a queen.
Let me demonstrate the trap idea in one of the mentioned games: