Well over 1,000 people contributed to the Kickstarter project for The Doom That Came to Atlantic City, which was supposed to be a sort of fantasy-themed reworking of Monopoly. Around £80,000 was raised -- well ahead of the £23k initial target -- but nothing's going to happen as the money's all gone.
Project leader Erik Chevalier explained it like this: "After paying to form the company, for the miniature statues, moving back to Portland, getting software licenses and hiring artists to do things like rule book design and art conforming the money was approaching a point of no return," which makes it sound like backers ended up paying for little more than concept work and... removal vans.
In the most recent project update, Chevalier claims to have already issued refunds to some backers, although as he still needs to "find work" to pay back the money, it might be quite some time. Plus the 10 per cent commission already taken by Kickstarter means there's more money to be found than he actually received in the first place. [Kickstarter via Valleywag]