Money was never seen again.
I believe a few from here and the Yahoo group got stung..
I will leave it to them if they want to furnish you with more info
The joys of hearsay and the internet. I was in on MM, paid direct to Wayne and got a refund off Phil. I was a mod on Waynes forums and from what I gather nobody lost out to the tune of having all their money gone - some people stayed in on his project (for the full hundred years) and I believe there may have been a small cost to move over to the PPS project, this is the only way people have "lost out" in much the same way anyone who gets out of Predator will be losing fees (assuming they get a refund).