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submitted 4 days ago* (last edited 4 days ago) by ByteOnBikes@slrpnk.net to c/usa@midwest.social

Vivek Ramaswamy, billionaire and former Republican presidential candidate, is under fire as social media explodes with accusations of financial misconduct. Critics claim Ramaswamy profited massively from a pump-and-dump scheme involving a failed Alzheimer’s drug, leaving investors in financial ruin.

The allegations focus on Ramaswamy’s pharmaceutical company, Roivant Sciences, which was touted as a biotechnology innovator. Instead, detractors argue, the company primarily acted as a financial vehicle. One of its most high-profile projects, Axovant, revolved around an Alzheimer’s drug that Ramaswamy acquired for $5 million. The drug became the cornerstone of a public relations blitz, pushing the company’s valuation to $2.2 billion before its eventual collapse.

Ramaswamy has attempted to deflect criticism by positioning himself as an advocate for STEM education and “meritocracy.” However, his detractors argue his career contradicts these values. One user wrote, “Vivek Ramaswamy scammed $2 billion with a failed Alzheimer’s drug and is now lecturing Americans on how hardworking Indians are. I urge Donald Trump to open an investigation and deport him to India.”

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[-] fnie@lemm.ee 76 points 4 days ago

Deport him where? "Back" to India? He's American. The word "deport" suddenly turned this call for justice that I would normally support into something reminiscent of WWII Japanese American internment camp propaganda.

[-] The25002@lemmings.world 22 points 4 days ago

This is where it gets funny. Word on the street is that part of Trump's administration cracking down on immigration will result in getting rid of the "anchor baby" protection status. Vivek is an anchor baby.

[-] DragonTypeWyvern@midwest.social 13 points 4 days ago

There are no anchor babies, there's just people having kids where they want to live.

[-] The25002@lemmings.world 19 points 4 days ago

Good luck telling that to the Trump administration.

[-] DragonTypeWyvern@midwest.social 9 points 4 days ago

I try not to let the words fascists use interfere with how I view the world and the people in it.

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this post was submitted on 30 Dec 2024
473 points (98.4% liked)

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