The money is long gone:
This fund is primary owned by the MobileGo Foundation to be furtherly transferred to a special company incorporated in Singapore as a separate entity and solely independent ownership structure.
This is stated in the mgo whitepaper Terms & Conditions. Hope you had read that before buying into it.
ouch I don't think that has been mentioned before...
I won't bother to read the WP to verify but if it is true, seems they're likely just trying to get the money into a nation that might have more lax finance laws.
Once I fully grasped that MGO ICO was essentially a 'second round of funding' for GAME which for the longest time was a pointless color coin and probably still is, it just didn't make me feel good. Knowing that the whole mission is basically to use these funds for a project that shouldn't need more public funding anyway.