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_inside-a-3646-million-renewable-energy-swindle.webp "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.")
_how-to-print-excel-sheet.webp "Kevin Stratvert")
_the-balance-sheet-of-a-bank.webp "FinanceAndEconomics")
_how-to-print-full-sipper-bottles-with-sublimation-st220-tumbler-heat-press-machine-appareltech-mp4.webp "Products We Deal In:n5 in 1 Heat Press Machine, 6 in 1 Heat Press Machine, 8 in 1 Heat Press Machine, 10 in 1 Heat Press Machine, ST3042 3D Sublimation Vacuum Machine, ST420 Sublimation machine, ST210 Dual Mug Heat Press Machine, Single Mug Printing Machine, Epson L130 Sublimation Printer, Epson L805 Sublimation Printer, Epson L1800 Sublimation Inkjet Printer, Cotton Heat Transfer Paper, Dark T Shirt Transfer Paper, A4 Sublimation Paper, A3 Sublimation Paper, Sublimation Ink, T Shirt Heat Transf")
How to Print Full Sipper Bottles with Sublimation ST220 Tumbler Heat Press Machine (ApparelTech).mp4
⏲ 5 min 43 sec ✓ 06-Jun-2022
_how-to-make-money-receipt-bill-book-completed-guide-how-to-quick-print-bill-in-blue-print.webp "Printing u0026 Online World")
⏲ 9 minutes 56 seconds 👁 67.9K
_bank-balance-sheet-free-response-question-124-ap-macroeconomics-124-khan-academy.webp "Khan Academy")
⏲ 8 minutes 44 seconds 👁 14K
_alan-kohler-explains-inflation-in-australia-differs-from-the-us.webp "Persistently high inflation in the United States could see the world's most powerful central bank delay cutting interest rates. But does that mean Australia will do the same? Alan Kohler explains when borrowers here might be able to expect some rate relief.")
_sunpack-sheets-printing-for-banks-sunpacksheet-bank-call-9303221881.webp "sunpackprint")
_balance-sheet-of-bank-explained-with-example.webp "Nivesh Karma")
_must-have-iphone-15-accessories.webp "The iPhone 15 and 15 Pro launch is one of the most exciting updates of the series in years. To make the most of it's best new features, we’re sharing some must-have accessories, including chargers, game controllers and power banks.")
_business-banking-for-print-on-demand-2023.webp "POD Insights")
_how-to-print-a-bank-statement-for-an-undwerwriter-with-the-url-for-a-home-loan.webp "Jon Johnson Real Estate")
⏲ 1 minute 58 seconds 👁 1.9K
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