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_inside-a-3646-million-renewable-energy-swindle.jpg "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.")
⏲ 15:41 👁 6.5M
_brother-and-sister-reunite-after-45-years.jpg "This brother and sister reunited after living on opposite sides of the Earth for 45 years. The sister and her family moved to Australia seeking a better life for her children and family issues prevented her from returning home to the UK. The two siblings had an emotional reunion when they finally met at Norwich Station, UK.<br/><br/>“The underlying music rights are not available for license. For use of the video with the track(s) contained therein, please contact the music publisher(s) or relevant rightsholder(s).”")
⏲ 0:46 👁 7.9M
_tamworth-listed-as-cold-and-flu-hot-spot-for-2024.jpg "WATCH: NSW has been declared Australia's cold and flu capital, with Tamworth identified as a hot spot. Watch to the end for advice from a local GP. Video by Jonathan Hawes")
⏲ 1:27 👁 8.7M
_wacky-wombat-goes-for-a-swim-at-tasmanian-beach.jpg "A video capturing a wombat walking through water on a Tasmanian beach, described by experts as \")
⏲ 0:42 👁 21.7M
_initial-layout-for-east-of-england-showground.jpg "This video gives an aerial block view of the proposed layout of a leisure village, school, hotel and housing for the East of England Showground in Peterborough.")
⏲ 1:44 👁 24.7M
_10-games-to-play-while-you-wait-for-fallout-5.jpg "10 Games To Play While You Wait For Fallout 5 from koalar à bangla a video com")
⏲ 9:45 👁 11.1M
_new-hacks-try-these-travel-tips-before-your-next-vacation.jpg "The holiday season is coming faster than expected and with these new ideas your vacation will become a full success!We advise adult supervision and care at all times. This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgment, care and precautions if one plans to replicate. <br/><br/>The following video might feature activity performed by our actors within controlled environment- please use judgment, care, and precaution if you plan to replicate. <br/><br/>All product and company names shown in the video are trademarks™️ or registered®️ trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. <br/><br/>------------------------------------------------------------------------------------ <br/><br/>▶️ TheSoul Music: https://www.music.thesoul-publishing.com <br/>◉ Our Spotify: https://sptfy.com/TheSoulMusic <br/>◉ TikTok: https://www.tiktok.com/@thesoul.music <br/>◉ YouTube:/ @thesoulsound<br/><br/>◉ 5-Minute Crafts:/ @5minutecraftsyoutube <br/>◉ 5-Minute Crafts DIY: / @5minutecraftsdiy <br/>◉ 5-Minute Crafts PLAY: / @5minutecraftsplay <br/><br/>◉ Music by Epidemic Sound: https://www.epidemicsound.com/")
⏲ 1:2:0 👁 6.7M
_muslim-groups-say-sydney-terror-charges-a-double-standard.jpg "Muslim groups have slammed the disparity in police handling of the Bondi Junction stabbing attack and the stabbing of a bishop at a Sydney church. Video via AAP.")
⏲ 1:31 👁 5.1M
_inconsiderate-car-driver-brushes-past-bike-rider-and-tips-his-ride-over.jpg "The fact that not all car drivers realize that with great privilege comes great responsibility is a sheer tragedy. <br/><br/>\")
⏲ 0:15 👁 42M
_the-federal-governmentt-has-plenty-to-say-on-it-kagan-grills-lawyer-on-emtala-in-abortion-case.jpg "Justice Elena Kagan questioned Joshua Turner, attorney for Idaho's Office of the Attorney General, during Wednesday’s oral arguments in Moyle v. United States & Idaho v. United States.<br/><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/><br/>Stay Connected<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")
⏲ 3:36 👁 16.2M
_microsoft39s-new-39deepfake39-video-generator-in-action.jpg "<p>Microsoft's VASA-1 system can generate lifelike video from a single image and an audio clip, and users can even specify emotions, or make the Mona Lisa come to life.</p>")
⏲ 0:39 👁 17.2M
_if-you-know-these-essential-tips-you-can-survive-pretty-much-anything.jpg "I've got something seriously cool to share with you. You know those times when life throws you a curveball and you're like, \")
⏲ 19:25 👁 13.6M
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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.")
_brother-and-sister-reunite-after-45-years.webp "This brother and sister reunited after living on opposite sides of the Earth for 45 years. The sister and her family moved to Australia seeking a better life for her children and family issues prevented her from returning home to the UK. The two siblings had an emotional reunion when they finally met at Norwich Station, UK.<br/><br/>“The underlying music rights are not available for license. For use of the video with the track(s) contained therein, please contact the music publisher(s) or relevant rightsholder(s).”")
_tamworth-listed-as-cold-and-flu-hot-spot-for-2024.webp "WATCH: NSW has been declared Australia's cold and flu capital, with Tamworth identified as a hot spot. Watch to the end for advice from a local GP. Video by Jonathan Hawes")
_wacky-wombat-goes-for-a-swim-at-tasmanian-beach.webp "A video capturing a wombat walking through water on a Tasmanian beach, described by experts as \")
_initial-layout-for-east-of-england-showground.webp "This video gives an aerial block view of the proposed layout of a leisure village, school, hotel and housing for the East of England Showground in Peterborough.")
_10-games-to-play-while-you-wait-for-fallout-5.webp "10 Games To Play While You Wait For Fallout 5 from koalar à bangla a video com")
_new-hacks-try-these-travel-tips-before-your-next-vacation.webp "The holiday season is coming faster than expected and with these new ideas your vacation will become a full success!We advise adult supervision and care at all times. This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgment, care and precautions if one plans to replicate. <br/><br/>The following video might feature activity performed by our actors within controlled environment- please use judgment, care, and precaution if you plan to replicate. <br/><br/>All product and company names shown in the video are trademarks™️ or registered®️ trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. <br/><br/>------------------------------------------------------------------------------------ <br/><br/>▶️ TheSoul Music: https://www.music.thesoul-publishing.com <br/>◉ Our Spotify: https://sptfy.com/TheSoulMusic <br/>◉ TikTok: https://www.tiktok.com/@thesoul.music <br/>◉ YouTube:/ @thesoulsound<br/><br/>◉ 5-Minute Crafts:/ @5minutecraftsyoutube <br/>◉ 5-Minute Crafts DIY: / @5minutecraftsdiy <br/>◉ 5-Minute Crafts PLAY: / @5minutecraftsplay <br/><br/>◉ Music by Epidemic Sound: https://www.epidemicsound.com/")
_muslim-groups-say-sydney-terror-charges-a-double-standard.webp "Muslim groups have slammed the disparity in police handling of the Bondi Junction stabbing attack and the stabbing of a bishop at a Sydney church. Video via AAP.")
_inconsiderate-car-driver-brushes-past-bike-rider-and-tips-his-ride-over.webp "The fact that not all car drivers realize that with great privilege comes great responsibility is a sheer tragedy. <br/><br/>\")
_the-federal-governmentt-has-plenty-to-say-on-it-kagan-grills-lawyer-on-emtala-in-abortion-case.webp "Justice Elena Kagan questioned Joshua Turner, attorney for Idaho's Office of the Attorney General, during Wednesday’s oral arguments in Moyle v. United States & Idaho v. United States.<br/><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/><br/>Stay Connected<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")
_microsoft39s-new-39deepfake39-video-generator-in-action.webp "<p>Microsoft's VASA-1 system can generate lifelike video from a single image and an audio clip, and users can even specify emotions, or make the Mona Lisa come to life.</p>")
_if-you-know-these-essential-tips-you-can-survive-pretty-much-anything.webp "I've got something seriously cool to share with you. You know those times when life throws you a curveball and you're like, \")
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