From what I understand, a lot of the raised money was for the advances required by the various labels in order to close the deals so I'd imagine a lot of money was returned to investors once it was clear the deals wern't going ahead.
They spent on a large center code test - multiple recruitings over many months - of which myself and some coworkers participated. Not sure that I can say much more about it due to NDAs.
Executive and contractor pockets, though they probably didn't get the whole $77MM, as that kind of thing tends to be doled out via milestones. Still not chump change all told, I imagine.
There's a bit more on the story here: http://musically.com/2011/12/31/beyond-oblivion-shuts-down-b...