https://dailyboulder.com/prosecute-and- ... ump-fraud/
Has anti-India and anti-Indian hatred gone off the rails?
https://en.wikipedia.org/wiki/Vivek_Ram ... _education
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.
Axovant’s downfall came swiftly when the drug failed clinical trials in 2017. By then, Ramaswamy had reportedly cashed out nearly $40 million during the company’s hype cycle, a move critics describe as indicative of a pump-and-dump operation. The stock plummeted, wiping out thousands of retail investors who had bought into the hype.
Social media has reacted with outrage. “How is Vivek Ramaswamy not in prison?” one user questioned. “He made his billions with an 8-person ‘company,’ 3 of those employees were his mom, brother, and himself. He launched an IPO for an Alzheimer’s drug he knew had already failed in studies, made billions, then the company tanked. Sickening fraud.”
Other users called for criminal investigations, with one saying, “Vivek Ramaswamy bought a failing drug, falsified medical trials, went public with his company, rugpulled the investors. When billionaires talk about work ethic, they mean scamming like they have.”
也该三哥遭一波了
