article_snippet: Rifat, once dubbed the 'face' of the American hedge fund, faced a single charge of insider dealing between 1 June and 24 November 2009.
article_snippet: Prosecutor Mark Ellison QC, for the Financial Conduct Authority (FCA), said: 'The total value of all eight trades being £285,000, Rifat, once dubbed the 'face' of the American hedge fund were all in the form of spread bets. '
article_snippet: [Rifat] was employed at the time of offending as a senior trader by Moore Capital.
article_snippet: Rifat] was in essence, on the evidence, the person at Moore Capital in London that senior bankers would approach to discuss transactions. '
article_snippet: Rifat] was effectively, to a considerable degree, the face of Moore Capital in that respect for the purpose of European investment decisions. '
article_snippet: In fact in Rifat] own words Rifat] says Rifat] was somebody who had direct access to the top four people in the firm.
article_snippet: Rifat] was somebody who clearly was in a very responsible and trusted position.'
article_snippet: Rifat, who worked in brand's London offices, was first arrested on Rifat]
article_snippet: Despite being put on administrative leave by Rifat] employers, Rifat] was still paid Rifat] huge salary as well as two £700,000 payments as part of a 'compromise agreement'.
article_snippet: Sentencing Rifat, Judge Alistair McCreath, QC, said:  'There can be no doubt at all that in your employment you held a pivotal position, there was reposed in you a very high degree of trust. '