Professor Jimmy Gurule was quoted in FoxBusiness' "U.S. Hits JPMorgan With $1.7B Penalty Over Madoff Scandal" on January 7.

The JPMorgan settlement, coupled with a recent settlement by HSBC (HBC), demonstrates that the DOJ “does not intend to hold any bank officials accountable for facilitating money laundering through their financial institutions,” said Jimmy Gurule, who is a professor at the University of Notre Dame and previously worked as a former assistant U.S. Attorney General and Treasury Department undersecretary.