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

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Right this moment is Monday, Oct. 13, the 286th day of 2025. There are 79 days left within the 12 months.

Right this moment in historical past:

On Oct. 13, 2011, Raj Rajaratnam (rahj rah-juh-RUHT’-nuhm), the hedge fund billionaire on the heart of one of many largest insider-trading instances in U.S. historical past, was sentenced by a federal decide in New York to 11 years behind bars. He was launched early, in 2019.

Additionally on this date:

In 1792, the cornerstone of the manager mansion, later often known as the White Home, was laid by President George Washington throughout a ceremony within the District of Columbia.

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