this post was submitted on 30 Dec 2024
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United States | News & Politics

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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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[–] jrs100000@lemmy.world 107 points 2 years ago (2 children)

Looks like 2025 is going to be the year of the leopard.

[–] jettrscga@lemmy.world 45 points 2 years ago (1 children)

I doubt it, but wouldn't be even a little bit mad to be proven wrong.

[–] osaerisxero@kbin.melroy.org 23 points 2 years ago

They're breaking the one rule right now: messing with rich people's money.

[–] NotMyOldRedditName@lemmy.world 7 points 2 years ago

Nah man, 2027-2029. They're going to get so obese. This is just the appy.

[–] fnie@lemm.ee 76 points 2 years ago (4 children)

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.

[–] FlexibleToast@lemmy.world 30 points 2 years ago

Or modern Republican propaganda...

[–] leadore@lemmy.world 19 points 2 years ago

Trump has promised to end birthright citizenship, and floated revoking citizenship of those who already have it if their parents weren't citizens. Neither of Ramaswamy's parents were citizens when he was born; his father still isn't. So if Trump achieves his goal, Vivek could then technically lose his US citizenship.

In a sit-down interview Tuesday, Ramaswamy noted that his father is not a U.S. citizen and never took the test. “He did not. And that’s a choice that he has made for familial reasons,” Ramaswamy said.

“But my mother did,” he continued, explaining that she took the test and completed the process** after he was born**. “And I think that every immigrant who comes to this country in order to become a full voting citizen has to do the same.”

[–] P00ptart@lemmy.world 16 points 2 years ago

I mean... Who didn't see this coming?

[–] klemptor@startrek.website 32 points 2 years ago (1 children)

Deport him? He may be a shithead grifter, but he's as American as I am, and it's racist bullshit to assume otherwise.

Come on, racists, don't make me stand up for this douche!

[–] DragonTypeWyvern@midwest.social 9 points 2 years ago (1 children)
[–] captainlezbian@lemmy.world 30 points 2 years ago (1 children)

I believe when it's a citizen it's called exile, not deportation, and I'm pretty sure it's against international law.

[–] tacosanonymous@lemm.ee 7 points 2 years ago (1 children)

That is a semantical difference if true.

Generally, natural born citizens can’t be deported unless they do a treason or intentionally fuck off to another country.

[–] captainlezbian@lemmy.world 10 points 2 years ago (1 children)

Not really. Deportation is saying "we were letting you in here under x conditions and those have changed and you're no longer welcome." Exile is a traditional punishment of "you were one of us but we no longer can tolerate your presence, get out or else." And yeah I'm pretty sure the united states doesn't have the legal capacity to sentence someone to exile, and we definitely don't have the legal capacity to deport natural born citizens (though we do sometimes do it, it's just illegal when we do).

Also is Ramaswamy even a citizen of India? And if so, are the people calling for him to be deported there aware of that?

[–] Sprocketfree@sh.itjust.works 3 points 2 years ago

I guess I don't have much faith in any body of law right now. What is the ICC gonna punish the trump admin when they can't even throw a guy commuting genocide in prison? These international laws mean less and less by the day sadly.

[–] Zier@fedia.io 25 points 2 years ago (1 children)

The GOP is the party of crime.

[–] UnderpantsWeevil@lemmy.world 12 points 2 years ago

America is the country of getting scammed

[–] formergijoe@lemmy.world 24 points 2 years ago

That's under the "pro" column for Trump cabinet positions.

[–] ceenote@lemmy.world 14 points 2 years ago

Nah, see, republican billionaires are in the "protected by and from the law" category.

[–] averyminya@beehaw.org 8 points 2 years ago

Wait how was he a candidate for president if he can be deported?

[–] someguy3@lemmy.world 8 points 2 years ago

Trump did said they're thieves, looks like he was right in this case.

[–] HawlSera@lemm.ee 6 points 2 years ago (2 children)

Pump and Dump is legal now sadly

[–] p03locke@lemmy.dbzer0.com 1 points 2 years ago

Everything is legal, unless it's done by the poors.

[–] demizerone@lemmy.world 1 points 2 years ago

Yes. Billionaire parasites have made all of America Westworld. These phones and social media are how they program us.

[–] DancingBear@midwest.social 6 points 2 years ago (1 children)

Nothing after the first paragraph of this synopsis makes any sense

[–] DragonTypeWyvern@midwest.social 2 points 2 years ago

Well, yeah, it's conservativism

[–] rational_lib@lemmy.world 3 points 2 years ago* (last edited 2 years ago)

Fun fact: "Roivant Sciences" was named after ROI - return on investment.

[–] SwingingTheLamp@midwest.social 1 points 2 years ago

The incoming administration is a fan of the death penalty, and they're not going to listen to my objections, so can we handle this the Vietnamese way?