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

On This Day in History: October 13, Billionaire Hedge Fund Manager Sentenced for Insider Trading

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

Today in history:

On October 13, 2011, Raj Rajaratnam, a hedge fund billionaire at the heart of one of the largest insider trading scandals in American history, was sentenced to 11 years in prison by a federal judge in New York. He was released early, in 2019.

Also on this date:

In 1792, President George Washington laid the cornerstone of what would become the White House during a ceremony in the District of Columbia.

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