It's been investigated. There is no money.<quoted text>
The prize is real.
The ability to win it is not.
Amazing Randi is a proven liar and fraud.
He (his committee) gets to select who tries for the prize, and gets to decide if it is a satisfactory demonstration. Satisfactory will never occur.
He has faked people's evidence, then gone on his website and trashed them. People have tried to get elgible to compete for the prize, he turns them down, then goes on his website and lies about them.
He has been sued at least twice and a verdict rendered that he lied and slandered people about their work.
Incidentally,'Amazing' offered the Smithsonian $20,000. if they would not show a film about Intelligent Design.
He's for open investigation - yeah, right.