Published November 17, 2014 3:46pm EST | Updated January 8, 2015 2:53pm EST

Two Funds Involved With Madoff Agree To Pay Almost $500 Million

Two investment funds have agreed to return approximately $500 million they invested with Bernie Madoff. The Herald Fund SPC and Primeo Fund's agreement will take the recovery of lost funds from the Ponzi scheme above $10 billion, according to a release by BakerHosetler, the court-appointed counsel for the trustee unwinding Madoff's firm.