An investment fund that parked all of its money with Bernard Madoff has agreed to give up $95 million for the benefit of Madoff's victims in the second major settlement announced this week by the court-appointed official tracking down money tied to the biggest Ponzi scheme ever, Dow Jones Daily Bankruptcy Review reported today. The settlement with Senator Fund SPC, announced yesterday, follows a $497 million deal announced on Monday that will collect money from Herald Fund SPC and Primeo Fund, two other funds that invested with Madoff, who is currently serving a 150-year prison sentence. Both deals are subject to bankruptcy court approval.
