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Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Inside A $46 Million Renewable Energy Swindle

⏲ 15:41 👁 9.7M

Daily Ausaf Official

Pakistani Famous Artist Ne BV Ki Khatir Apni Mother Ko Old Age Home Akela Chor Dia-Mother Sad Story

⏲ 7 minutes 50 seconds 👁 576K

Real Highlights

The Craziest KO Artist | 'El Pantera' Yair Rodriguez Highlights

⏲ 2 minutes 6 seconds 👁 37.8K

On this episode of Mind Massage, Kanii takes us on a sound journey using some of his favorite items such as Soda, Grapes, Cucumbers and more!

Kanii Does ASMR with Fruit, Talks \

⏲ 10:3 👁 7.7M

The Modern Martial Artist

GOAT?! Hoost's Legendary Leg Kick KO's Explained - Technique Breakdown

⏲ 10 minutes 50 seconds 👁 557.6K

Book of AlphaRonomy - Dr. BoA

50 Cent Gives FACTS What Every Man SHOULD Learn From Jeezy Getting PLAYED Like A Chump In MARRIAGE

⏲ 12 minutes 32 seconds 👁 12.5K

They flopped in the U.S., but international audiences made these songs hits. Welcome to MsMojo, and today we’re counting down our picks for the most popular songs that rocked the charts in other countries but failed to resonate with listeners in the U.S.

Top 10 Songs by Big Artists That Flopped in the US But Blew Up Internationally

⏲ 13:42 👁 8.8M

Brvce

Ghost Hlubi Party ft Seemah , King Oumar and Baby Daiz

⏲ 10 minutes 59 seconds 👁 9K

iamShelly

MAINTENANCE VLOG ❥ hair appt, lashes, brow tint, diy beauty treatments, girlie tings + more 💓

⏲ 1 hour 4 minutes 16 seconds 👁 220

Aired (April 25, 2024): The paternity test result finally says that Shaira's (Liezel Lopez) child is indeed Jordan's (Rayver Cruz) child. But could Shaira have done something with the result that favored her side? #GMANetwork #GMADrama #Kapuso<br/><br/>Watch the latest episodes of 'Asawa Ng Asawa Ko’ weekdays, 9:35 PM on GMA Primetime, starring Jasmine Curtis-Smith, Rayver Cruz, Kzhoebe Nicole Baker, Liezel Lopez, Martin Del Rosario, Joem Bascon, Kim De Leon, Luis Hontiveros, Patricia Coma, Bruce Roeland, Crystal Paras, Jeniffer Maravilla, Ms. Gina Alajar, Billie Hakenson, Quinn Carillo, and Mariz Ricketts

Asawa Ng Asawa Ko: Shaira is confident in the paternity test result - Full Episode 59 (April 25, 2024)

⏲ 27:3 👁 9M

Skillr Boxing

Terence Crawford PIONEER of the SKILLED BRAWLER style - (Skillr Breakdown)

⏲ 6 minutes 13 seconds 👁 190K

All 4 Health with Jane

This Is What Happened When Senzo Meyiwa Was Burried!

⏲ 13 minutes 46 seconds 👁 4.1K

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