Ebix under investigation for money laundering, shares plummet

|About: Ebix Inc (EBIX)|By:, SA News Editor

The U.S. government is investigating Ebix (EBIX -24.4%) for possible money laundering, Bloomberg reports. Shares have plunged below $9 on the news.

A Goldman affiliate terminated its planned acquisition of Ebix in June following news of a U.S. Attorney investigation. Ebix is also being investigated by the SEC.

SA contributor Gotham City Research has been taking aim at Ebix's accounting, and so has short-seller Marc Cohodes.