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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 👁 8.4M
Devsinc
The services Devsinc provides ft. Usman Asif | Devsinc
⏲ 4 minutes 12 seconds 👁 8.9K
Feezan Ashraf
Nawaz Sharif vs establishment || Siddique Jaan exclusive video on Imran Khan
⏲ 13 minutes 3 seconds 👁 15.9K
Just as you prepare for life’s significant events, it's equally crucial to anticipate your eventual departure and protect your loved ones from the burden of financial complications. Forbes contributor True Tamplin outlines how to tackle your assets.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/truetamplin/2023/10/31/4-questions-to-know-if-you-are-financially-prepared-to-die/?sh=4275a1864730<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.
Are You Financially Prepared To Die? 4 Ways To Plan For The Inevitable
⏲ 3:28 👁 16.6M
Tariqiya Rohani Center
حروف مقطعات کے خاص اعمال و استخارہ کے طریقے آن لائن روحانی علاج و استخارہ 00923212782540
⏲ 56 minutes 50 seconds 👁 3.1K
Soundtek
Asif Akbar | Shukhe Theko Bandhobi | সুখে থেকো বান্ধবী | আসিফ আকবর | Audio Album | Soundtek
⏲ 59 minutes 53 seconds 👁 2.1M
Hundreds of people gathered at Bondi Beach for a ‘paddle-out’ at dawn on Tuesday, April 23, to pay tribute to the six people killed in the Bondi stabbing massacre.
Bondi community reflects on stabbing victims in dawn paddle-out
⏲ 1:0 👁 19.6M
Million sports
🛑FOOTBALL PLAYERS REACTION TO LOSS OF MARADONA 😢😢😢
⏲ 3 minutes 12 seconds 👁 3.5M
LIV Crime
एक Unknown मुजरिम के Complaint File हुई | Crime Patrol 48 Hours | Ep 44 | Full Episode
⏲ 44 minutes 4 seconds 👁 11.6K
Tube staff are set to strike on Friday May 26, in a dispute over pay.
London set for last minute tube strikes
⏲ 1:0 👁 15.3M
Maulana Ilyas Qadri
Ya Shafi Umam Lillah Kardo Karam | Asif Attari | Maulana Ilyas Qadri | Emotional Kalam 2022
⏲ 9 minutes 57 seconds 👁 1.2M
Stades de Sports
سد بين الويدان على أسيف ويرين ووادي العبيد
⏲ 17 minutes 45 seconds 👁 94
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