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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.
⏲ 15:41 👁 12M
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to 4 months in prison for money laundering charges. He pleaded guilty last year after Binance paid over $4 billion in fines and penalties for anti-money laundering violations and other charges. Zhao apologized and said it would not happen again. US authorities previously said Binance allowed criminal transactions like child abuse and terrorism financing. Binance lacked protocols to identify or report money-laundering transactions, and an internal communication revealed employees knew this oversight attracted criminals.
⏲ 0:37 👁 775K
Glasgow Jazz Festival has unveiled its programme for 2024, with performances from some of the biggest names in jazz set to be hosted in the city this summer. Taking place between Wednesday 19th - Sunday 23rd June 2024, there are over 20 captivating events confirmed across Glasgow.<br/>This year sees Glasgow Jazz Festival return to well-loved venues including the Mackintosh Church<br/>and Òran Mór in the West End, the City Centre’s Nice n Sleazy, Saint Luke’s in the East End and The Glad Café in the Southside.<br/>The Glasgow Jazz Festival 2024 line-up showcases everything from the legendary to the up-and- coming, and promises an electrifying line-up that festival audiences have come to expect of the world-renowned event.<br/>At the East End’s iconic Saint Luke’s, the spotlight will shine on jazz luminary Bobby Watson and his Quartet. Making a triumphant return to Glasgow after a hiatus of over a decade, the esteemed US saxophonist is best known for his unparalleled improvisational prowess. Having graced the Glasgow Jazz Festival stage as Artist in Residence exactly 30 years ago, in 1994, Watson’s long-awaited comeback is sure to be a highlight of this year's five-day festival.<br/>Spiritual jazz act Mama Terra will recreate songs from the classic album 'Head Hunters' by Herbie<br/>Hancock in their own sound, while kitti's Caledonian Songbook pays homage to songs in the Scots tradition from Robert Burns right up to Paolo Nutini. Winner of 2023 BBC Radio Scotland Young Jazz Musician of the Year, pianist Ben Shankland also performs an afternoon show, as well as Glasgow Improvisers Orchestra who reunite with Orphy Robinson, one of the most engaging and influential<br/>voices in British jazz. <br/>Across the city in Òran Mór, a diverse array of jazz virtuosos takes centre stage – from the smooth, intricate melodies of the Jim Mullen Trio to the funky rhythms of original member of the Average White Band Hamish Stuart and his band. International sensations Kyoto Jazz Massive will transport listeners on a mesmerising journey, blending Japanese and French influences into a harmonious fusion of sound.<br/>The Mackintosh Church will present the inimitable Fergus McCreadie Trio. Fresh off their nomination for the prestigious Mercury Prize and crowned winners of the Scottish Album of the Year in 2022, this Scottish ensemble will showcase their captivating compositions and virtuosic<br/>performances alongside tracks from their new album ‘Stream’.<br/>The Nice n Sleazy stage will showcase the dynamic duo of Scottish saxophonist Norman Willmore and drummer Corrie Dick. Having graced stages at festivals across the UK, they will bring their<br/>electrifying energy and infectious rhythms to the heart of Glasgow. BLACKSABBATHMODE is a collaboration between nu-jazz duo BIGHEADMODE and distinguished multi-instrumentalist Plumm<br/>inspired by the legendary rock band, Black Sabbath. Scottish protest musician Kapil Seshasayee fuses R&B, Indian classical and jazz fusion with contemporary electronica.
⏲ 1:56 👁 1.8M
Think frozen food doesn't get any better than Lean Cuisine or Stouffers? From products that are good enough to win awards in Japan to dishes that keep long-standing traditions alive in India, these frozen dinners from around the world are pretty impressive.
⏲ 10:48 👁 1.9M
As part of a significant cost-cutting strategy, Alphabet's Google recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed nearly 50 engineering roles stationed at its California headquarters.
⏲ 1:6 👁 350K
Being a ‘pawrent’ undoubtedly costs money, but there are ways to keep those costs under control
⏲ 3:23 👁 335K
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.
⏲ 3:28 👁 17.9M
Self-storage center real estate investment trusts (REITs) are companies that specialize in owning and operating income-generating storage facilities, commonly known as self-storage centers. Self-store center REITs invest in properties where individuals and businesses can rent space to store their belongings, such as furniture, household items, business inventory, and vehicles of all types.<br/><br/>Investors in self-storage center REITs benefit from the income generated through leasing storage units to tenants. The demand for self-storage has been driven by various factors, including residential moves, downsizing, and businesses seeking additional space.<br/><br/>If you're interested in investing in a self-storage REIT, here are two you could buy today.
⏲ 1:35 👁 2.6M
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