Posted on 08/24/2023 10:41:34 AM PDT by HamiltonJay
You clearly have some misunderstandings about fraud.
Yes, you can absolutely defraud investors through your stock price... Or did you somehow lived under a rock for the last 100 years?
Its called pump and dumping (among other things).
You seem to leave out the most important detail about Viveks fraud... the ONE DRUG his company had, they KNEW was a failure, they bought it from another drug company, they did not develop it.. .They bought it knowing it had failed 4 clinical trials.
Now, did they perform their own new clinical trials to prove it worked? No, they did not, they had Viveks mom take an existing failed study, removing data from to get the result they needed to go hock it to investors... That my friend is FRAUD.
He knowingly misrepresented a failed drug as a drug that worked in order con investors and make hiself rich. There is no difference from what this turd did, and the used car salesman that rolls back the odometer does, other than scale.
He knowingly and fully presented and hyped a drug he knew did not work in order to get an rich.. he’s a fraud, period.
This guys just another fast talking slimeball, and he he is absolutely no business being anywhere near government in any capacity, let alone the white house. This guys so slimy he makes Oz look clean.
Yep, this guy is just a slimeball, its a shame some here are falling for his crap.
You believe the distortions of a nobody YouTuber. Quite simply, you are looking for something to attack Vivek and you rely on a horse’s ass to make it.
It’s really worth watching.
But essentially he and his financial partners bought a failed drug from GSK for $5M, then he had his doctor mother, among listed authors, do a new analysis on one of GSK’s failed studies for the drug, whereby they looked only at “completers” or those who didn’t drop out from the study or somehow not complete all the paperwork, by which they managed to find some statistically significant benefit when it was coupled with an already shown to be efficacious drug. (”Completers” of course are more likely not to have had adverse events and to have been trending to the positive during the study.)
This was enough for them to hype the drug, take it public through their fancy shell companies, and raise/make billions of dollars until the drug, of course, was once again shown to be a failure.
Trump should never consider this guy for VP.
Vivek LOVES the sound of his voice, is unpredictable in the positions he takes, and has a blotchy bgrnd.
I am completely turned off by his smarmy, “Look at me the Indian boy running for US president.”
Self-serving jerk.
Yes, the “NOBODY” youtuber, who provided the SEC filings and documentation to back up the claims he made.
You have not offered one item to dispute the allegations of said youtuber, just tried to attack him.
The documentation of Viveks sliminess are plentiful, you can choose to ignore them all you like, denial is a very big room, plenty of room for you and other Vivek backers to hang out together in.
What Vivek did with this drug is fully documented, its all out there, just as his taking of Soros money is out there which he has lied about as well on numerous occasions...
or the fact he funded a company that wanted the government to have full and complete access to your medical records for Covid Tracking
https://www.dossier.today/p/ramaswamy-company-pitched-governments
I agree he’s just a fast talking con man...
Basically Slick Willie with more melanin and not nearly as politically capable.
I’ve had to deal with a few of these types over my career, so sniffed him out almost immediately, but even I was shocked at just how slimy this guy is with just some very basic digging.
This guy is just fraud from top to bottom... steering clear of folks like this is always your best bet.
Vivek’s comment about everyone else on stage being bought and paid for, could be correct and was quite the shot across the bow.
No one else, including Bret was driving conversations deeper than typical GOP pablum.
Excuse me but I’d like to hear anyone step up and discuss ideas and issues with him.
After all, he’s just a kid standing there amidst our supposed best, seasoned, informed, conservative politicians.
I already know enough about some of the others on stage to know I don’t want to listen to any of their BS.
Let the Indian talk.
Soros Fellow.
Thus the big WEF side show was necessary to distract attention.
This person is as worthless as a 3dollar bill.
https://www.fiercebiotech.com/biotech/why-axovant-s-315m-ipo-bonanza-should-scare-hell-out-of-you
Why Axovant’s $315M IPO bonanza should scare the hell out of you By John Carroll Jun 11, 2015 10:41am
Vivek Ramaswamy may not know anything about biotech and even less about treating Alzheimer’s, but he just provided a master class on the current state of public investing and executing IPOs in the field.
The bare bones of Ramaswamy’s new biotech venture, Axovant ($AXON), are much discussed these days. The former hedge fund manager grabbed an abandoned GlaxoSmithKline drug for Alzheimer’s for $5 million. He gathered a team together and without recruiting a single patient for a pivotal study of a marginal drug designed to treat symptoms of the disease, just raised $315 million in an upsized IPO that came in at the top of the range and promptly gyrated much higher today as investors bought in.
Axovant, with no track record, no experience and one questionable product, leaped onto the market worth much more than $1 billion.
Given the fact that GlaxoSmithKline had a chance to take a look at this drug in the clinic, and concluded that they couldn’t do better than selling it for lunch money, the IPO terms illustrate the kind of overnight riches a select few can find on Wall Street, provided you have the right kind of friends with money.
As Adam Feuerstein noted in a recent piece, two other hedge funds, RA Capital and Visium Asset Management, signaled an interest in buying up a bunch of these shares and were given a 90-day window to sell their shares, half the standard lock-up time.
None of this would be possible, of course, without the help of investors transfixed by the heady increase in the share prices of biotechs over the course of this bull market.
The fact that someone can make something of this size out of virtually nothing should be of concern to everyone in the industry. Magical thinking will take you just so far (remember the intoxicating dot-com days?). The argument that the market for biotech can stay stable rests on the belief that many of these new technologies in the clinic offer a fundamentally new and better way to treat many diseases. Something real. But when biotech mania takes over and perfectly legal schemes like this rain money, the pitfalls start to look like the Grand Canyon.
Sad bunch of candidates on that stage. Although if I were a good candidate, I might want to sit this election out.
He can talk all he wants, that’s what con men do, talk and tell folks what they want to hear but what they say and what they do don’t line up
He’s a fraud
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