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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 👁 5.2M

SINOM GROUP CO., LTD.

H beam rolling mill

⏲ 3 minutes 20 seconds 👁 33.7K

ImpactPoint Productions

CLAW OF CARNAGE - Extreme BeamNG.Drive Car Chase

⏲ 13 minutes 28 seconds 👁 6M

Global Star Priyanka Jonas' highly anticipated home production film WOMB is all set to make its debut at the OTT soon.

Priyanka Chopra's Women Of My Billion (WOMB) To Make Its Debut On This OTT Platform?

⏲ 1:41 👁 12.2M

ImpactPoint Productions

BRUTAL BREAKOUT - Extreme BeamNG.Drive Police Chase

⏲ 14 minutes 8 seconds 👁 2.4M

Jota Drive

Dangerous Objects and Car Crashes #03 [BeamNG.Drive]

⏲ 8 minutes 12 seconds 👁 38.9K

Big B of Bollywood, Amitabh Bachchan is creating a stir with his upcoming film. Nag Ashwin's 'Kalki 2898 AD' is being considered as the biggest film of this year. The project is said to be a ground-breaking cinema production in terms of sci-fi thriller projects. Fans are thrilled after seeing the breathtaking look of Megastar Amitabh Bachchan.<br/><br/>#Kalki2898AD #amitabhbachchan #prabhas #kalki #Deepikapadukone #ashwatthama #amitabhbachchaninkalki #kalkiposter #amitabhbachchanlook #bigb #viralvideo #trending

Kalki 2898 AD Teaser: Makers Unveil Amitabh Bachchan as ‘Ashwatthama’

⏲ 1:58 👁 62.9M

Tuomo Turunen

YÖTÄ METSÄSSÄ.

⏲ 21 minutes 5 seconds 👁 2.5K

Ben Azelart

I Built a Theme Park In My House!

⏲ 24 minutes 36 seconds 👁 1.7M

The new BMW Vision Neue Klasse X Interior Design

⏲ 2:33 👁 5.4M

MB FILMS

Ethiopian Movie | ዝርፊያ ውስጥ የገቡት ጓደኛማቾች - ጓዴ ክፍል 3

⏲ 24 minutes 56 seconds 👁 237

Binyam shitaye (ፍቅረ ኢየሱስ ) Back to the orign

እኔ መናፍቅ ነበርኩኝ ል ተሳሳትኩኝን?ፕሮቴሰታንቶችን ከልቤ ይቅርታ የምጠይቅበት?የቤተ ክርሰቲያኔ አሰተምሮ የግለሰብ ሀሳብ አይደለም፡፡ዕለተ ሆሳዕና ሲብራራ!

⏲ 4 hours 41 minutes 11 seconds 👁 2.2K

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