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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 👁 12M
MsMojo
Wednesday Addams Being a Savage 🔥 #shorts
⏲ 38 seconds 👁 14.6M
TheOdd_Dev Edits
Denise Dies By Arrow | TWD #Shorts
⏲ 45 seconds 👁 3.4M
The battle over millions of dollars in legal costs in Bruce Lehrmann's failed defamation case is back in the Federal Court in Sydney today. He accused network ten and journalist Lisa Wilkinson of defaming him during an interview when Brittany Higgins claimed she'd been raped. Ten and Ms Wilkinson won the case when justice Michael Lee found Mr Lehrmann had on the balance of probabilities raped Ms Higgins.
Federal Court to consider costs in failed defamation case
⏲ 2:12 👁 12.5M
Luciano Films
ROBERT DENIRO - Mob boss as a car salesman
⏲ 1 minute 👁 14.3M
Walt and Jesse
Jesse Hates Gus's Multi-million Dollar Deal 💀| Breaking Bad #shorts
⏲ 54 seconds 👁 115.1K
Celtics center Kristaps Porzingis is expected to miss at least several games due to a right soleus strain. In response to this news, CLNS Media's Bobby Manning and John Zannis will go LIVE for a Garden Report to discuss the implications for the team.<br/><br/>This episode of the Garden Report is brought to you by:<br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy! Go to https://PrizePicks.com/CLNS<br/><br/>Take the guesswork out of buying NBA tickets with Gametime. Download the Gametime app, create an account, and use code CLNS for $20 off your first purchase. Download Gametime today. Last minute tickets. Lowest Price. Guaranteed. Terms apply.<br/><br/>Elevate your style game on and off the course with the PXG Spring Summer 2024 collection. Head over to https://PXG.com/GARDENREPORT and save 10% on all apparel. Use Code GARDEN REPORT!<br/><br/>Nutrafol Men! Take the first step to visibly thicker, healthier hair. For a limited time, Nutrafol is offering our listeners ten dollars off your first month’s subscription and free shipping when you go to https://Nutrafol.com/MEN and enter the promo code GARDEN!<br/><br/>#Celtics #NBA #GardenReport #CLNS
Celtics center Kristaps Porzingis is expected to miss at least several games due to a right soleus strain. In response to this news, CLNS Media's Bobby Manning and John Zannis will go LIVE for a Garden Report to discuss the implications for the team.
⏲ 1:5:20 👁 7.9M
Vanity Fair
Mila Kunis on Meg from Family Guy's One and Only Makeover
⏲ 55 seconds 👁 10.6M
GalacticHorror Talk
A Pregnant Woman Is Locked Up At Home By Her Husband. How Can She Save Herself?#film
⏲ 57 seconds 👁 3.1M
She was once crowned \
Why Don't We Hear About Megan Fox Anymore?
⏲ 3:55 👁 130K
CLEANZ MEDIA
Poor girl saves a 100 million dollar millionaire's life and turned it upside down Part 1
⏲ 1 minute 1 second 👁 125
Movieclips Factory
A man's duck lays eggs with gold in them.#film #movie
⏲ 57 seconds 👁 19.9K
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