At JREF, we offer a one-million-dollar prize to anyone who can show, under proper observing conditions, evidence of any paranormal, supernatural, or occult power or event. The JREF does not involve itself in the testing procedure, other than helping to design the protocol and approving the conditions under which a test will take place. All tests are designed with the participation and approval of the applicant. In most cases, the applicant will be asked to perform a relatively simple preliminary test of the claim, which if successful, will be followed by the formal test. Preliminary tests are usually conducted by associates of the JREF at the site where the applicant lives. Upon success in the preliminary testing process, the "applicant" becomes a "claimant."
To date, no one has passed the preliminary tests.
They're not just saying this, they actually have $1,000,000 in the bank ready.
Unsurprisingly, it has it's naysayers who don't believe the money's there. Well, in addition to the quite comprehensive info on the JREF's website which should put all this naysaying to rest, James Randi also invites anyone to ask to see a copy of the latest bank statement, if they want that little bit of extra proof. Talking at TAM London, he said no one ever bothers. Well, I thought, let's bother. Here we are ladies and gentlemen, I sent the email last night, and had the statement by this morning:
So there we go, Randi's made a claim that (not surprisingly) turns out to be true, and, not only that, but super quick efficiency at that!