Was there some kind of clear and detailed development plan available during the crowd-funding? It seems crazy that much money can go toward a project with only

Was there some kind of clear and detailed development plan available during the crowd-funding? It seems crazy that much money can go toward a project with only a high level roadmap as a plan. It seems like these devs just got the worlds biggest piggy bank and wasted a significant part of it due to lack of oversight. Maybe that is too harsh, but it seems like not only is a huge amount of money gone but a large amount of goodwill too. I feel as though crowd funding gives captial with too little responsability on the creators, and a better model would be some kind of investment, where funders have some sort of control and insight. This is complete conjecture on my part. Maybe forcing high levels of transparency (e.g. detailed reports released over a year) as part of the kick-starter conditions could reduce the likelyhood of this happening agian?