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Vivek Ramaswamy Is a Fraud—and Always Has Been | Opinion
Newsweek ^ | 09/01/2023 | Sam Nunberg

Posted on 09/02/2023 8:10:34 AM PDT by Responsibility2nd

~snip~

Let's start with the basics. Ramaswamy has funded his campaign through the sale of over $32 million in Roivant stock options in February of this year. This could lead one to believe that Roivant, based in Bermuda, is thriving and that Ramaswamy is a great entrepreneur. Except the company reported staggering losses of $1.2 billion in its financial report of March 2023. This isn't a one-time slump: In March 2022, when Ramaswamy was still Roivant's chairman and a major shareholder, the company reported an annual loss of $924.1 million.

~snip~

The reality is that Roivant's finances were abysmal under Ramaswamy's watch. During his tenure in 2019, the company's net operating loss exceeded $530 million. By 2020, the losses had doubled to over $1 billion, accompanied by a 65 percent decline in revenue.

These numbers raise a puzzling question: How can a company consistently bleeding billions trade at over $10 a share?

~snip~

While Ramaswamy vocally opposes ESG principles, Roivant's major institutional investors—including Morgan Stanley, Viking Global, and BlackRock, the very firms he criticizes by name—are among its largest stakeholders, owning over 500 million shares. Ramaswamy himself holds more than 80 million shares, making him an essential partner of these major ESG funds.

In a deeply ironic twist, Ramaswamy's anti-"woke" campaign is being bankrolled by the profits reaped from the very policies he denounces.

~snip~

Ramaswamy's latest scam appears to be his run for president. The 38-year-old presidential candidate appears to have no serious interest in leading the nation. In fact, according to people who know Ramaswamy, the goal of his campaign seems to be to block Florida Gov. Ron DeSantis' path to the nomination by running as a MAGA-adjacent candidate.

(Excerpt) Read more at newsweek.com ...


TOPICS: Issues
KEYWORDS: koranimal; koranimals; vivek; vivekramaswamy
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Most interesting is the idea posed here that Vivek is just in this to set back DeSantis and his intent here is to glom on the MAGA train and ride along with Trump.
1 posted on 09/02/2023 8:10:34 AM PDT by Responsibility2nd
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To: Responsibility2nd
A very relevant story:

Vivek Ramaswamy’s Voting Record Shows He is Not a Registered Republican, and Donated to Anti-Trump Democrat Candidate in 2016-Gateway Pundit Aug 26

2 posted on 09/02/2023 8:13:32 AM PDT by NautiNurse (🇺🇸 Selling out the U.S.A.: The Briben Brand™)
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To: Responsibility2nd

Well, Vivek does sound a lot more intelligent than anybody at Newsweek. If it’s newsweak, you can count of the opposite being true.


3 posted on 09/02/2023 8:14:56 AM PDT by adorno
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To: Responsibility2nd
How can a company consistently bleeding billions trade at over $10 a share?

This is stupid. It does it because some people think it is worth it. This does not suggest anything nefarious on V's part.

4 posted on 09/02/2023 8:15:10 AM PDT by Fido969 (45 is Superman! )
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To: Responsibility2nd

I view him the same as Biden and Obama.
He’s a non-starter.


5 posted on 09/02/2023 8:17:21 AM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: Responsibility2nd

He is a fraud and reportedly tight with Kushner, running (as potential veep?) with Trump’s blessing.

But he is a massive fraud.


6 posted on 09/02/2023 8:17:22 AM PDT by 9YearLurker
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To: Responsibility2nd

It appears the Meatballs are attacking #2 now that they are #3.


7 posted on 09/02/2023 8:21:16 AM PDT by JonPreston ( ✌ ☮️ )
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To: Responsibility2nd

Of course he’s a fraudster. That’s what Usurping wannabe non-natural born Citizens do, commit fraud.


8 posted on 09/02/2023 8:21:46 AM PDT by Macho MAGA Man (The last two weren't balloons. One was a cylindrical objects )
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To: Responsibility2nd

My problem is that this article is NEWSWEAK. Not exactly a trustworthy entity in my estimation.


9 posted on 09/02/2023 8:23:11 AM PDT by Howie66 ("Biden-Fetterman 2024. It's A No Brainer")
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To: adorno

Vivek is an outsider like Trump. The estabishment loves his money around campaign time. However, he dared to wade into the election pool. That can’t be allowed. His qualities or political positions are irrelevant. He simply isn’t a member of the insider’s club and must be attacked.


10 posted on 09/02/2023 8:23:24 AM PDT by Dutch Boy (The only thing worse than having something taken from you is to have it returned broken. )
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To: JonPreston

It is all so predictable. I am uncertain of Vivek. I also doubt he would be the VP pick. Maybe an admin job for him?


11 posted on 09/02/2023 8:24:23 AM PDT by dforest
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To: NautiNurse

How is that relevant?

For most of his life Donald has been a democrat and Hillary supporter.


12 posted on 09/02/2023 8:24:34 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: Fido969

So you don’t believe Blackrock is bankrolling this campaign?

Look it up. Anytime any business or corporation nets over a billion dollars - Blackrock is involved.


13 posted on 09/02/2023 8:27:01 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: Macho MAGA Man

Another non-NBC who, as Brandon says, “cleans up good.”

Smells of used car salesman, imo.


14 posted on 09/02/2023 8:27:40 AM PDT by bgill
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To: NautiNurse

Newsweek? Really?

Might as well be CNN. Only NPC’s and commie trash read past the first paragraph.


15 posted on 09/02/2023 8:28:56 AM PDT by bobbo666 (Baizuo)
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To: Roman_War_Criminal

Non starter?

One can’t be any more of a non starter than a muslim community organizer from Chicago.

But look at what happened then.


16 posted on 09/02/2023 8:29:15 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: Responsibility2nd

He is very evil . Maybe even worse than Biden or Obama. Elect Trump or see our Nation fall so low, recovery impossible.


17 posted on 09/02/2023 8:31:45 AM PDT by mulligan (an En bbnnEeThe to)
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To: Howie66

My problem is that this article is NEWSWEAK. Not exactly a trustworthy entity in my estimation.

 

Yes, but it echoes the exact same talking points only Trumpers have been making about Vivek for months.

Until this week. When they stopped making them. When Trump suggested making Vivek his VP.

18 posted on 09/02/2023 8:32:20 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: JonPreston

Many of the people who call Vivek a fraud are the same ones who think that Zelensky is a paragon of truth and integrity.


19 posted on 09/02/2023 8:34:38 AM PDT by Right Brother
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To: mulligan

Elect Trump or see our Nation fall so low, recovery impossible.

_____________________________________________

OK fine, but what if Trump picks Vivek as his veep? Would that decision be better or worse than when he picked Benedict Pence?


20 posted on 09/02/2023 8:35:12 AM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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