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Ebix Said to Be Reviewed by U.S. for Money Laundering

Federal investigators are reviewing Ebix Inc.’s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with knowledge of the matter.

Ebix fell 88 cents to $10.91 or 7 percent in Nasdaq Stock Market trading yesterday. The shares fell almost 30 percent earlier in the day.