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Tag: Raj Rajaratnam

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

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    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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    Associated Press

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