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Ebix (EBIX -22.9%) is "not a Chinese fraud, but a house of cards nonetheless," a newsletter...
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Thursday, March 24, 2011, 2:53 PM ETEbix (EBIX -22.9%) is "not a Chinese fraud, but a house of cards nonetheless," a newsletter claims, citing several factors from a history of auditor turnover and accounting red flags to a "controversial CEO [who] appears to demonstrate a history of misrepresentation." Shares, which had hit 52-week highs this morning, plunge 20% in the past hour.
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This news story has 11 comments:
Without coming out with this information strongly suggests a short scam by the poster.
If this is so, i hope you end up in jail where you belong.
Since you are not a big wheel like Goldman sachs, or merryl lynch you can't get away with it like they did when they manipulated the market and pled no contest and paid out hundreds of millions of dollars.
Wise up and more importantly man up.If this is what you have done
you are nothing but a coward and scum beneath the bottom of the barrel.