$7 billion swindle victims are expected to get their money back. The Ponzi scheme arranged by former Texas tycoon R. Allen Stanford for over 20 years is one of the largest in U.S. history.

Various parties including Justice Department have been in legal battles on how to best divide the $330 million funds sitting in Stanford's frozen foreign bank accounts in Canada, England and Switzerland, have now reached an agreement this week.

"The freeing up of funds ... is a good thing," Angela Shaw, who founded the Stanford Victims Coalition, told Associated Press. Her family lost around $4.5 million in Stanford's scheme.

Without the ... agreement, the (parties) will be forced to expend substantial time, energy and money fighting over the Stanford assets," wrote the attorneys for Ralph Janvey, who was appointed by a judge to look over the money recovery, according to AP.

"This will help all of the victims," Kate Freeman, a retired woman told AP. "This will put a little bit of money in everyone's pocket."

However more than 21,000 investors will probably only get a very small amount back to many who lost their life savings.

"If you've saved your whole life and invested $300,000, you are only getting back $3,000," said Shaw.

The former financer and sports sponsor was sentenced to 110-years in prison for the Ponzi scheme. He was convicted March 2012 and sentenced in June 2012.