October 13, Hedge fund billionaire sentenced in insider-trading case



Today is Monday, Oct. 13, the 286th day of 2025. There are 79 days left in the year.

Today in history:

On Oct. 13, 2011, Raj Rajaratnam (rahj rah-juh-RUHT’-nuhm), the hedge fund billionaire at the center of one of the biggest insider-trading cases in U.S. history, was sentenced by a federal judge in New York to 11 years behind bars. He was released early, in 2019.

Also on this date:

In 1792, the cornerstone of the executive mansion, later known as the White House, was laid by President George Washington during a ceremony in the District of Columbia.



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