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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 👁 11.9M
TopMovieClips
Thor vs Hulk - Fight Scene - The Avengers (2012) Movie Clip HD
⏲ 4 minutes 17 seconds 👁 227.6M
RAINBOW MARVEL
What if this happened in Avengers Endgame....
⏲ 29 seconds 👁 5.9M
Kylian Mbappe's role as France captain has placed him at the centre of Didier Deschamps' plans for Euro 2024 as his upward trajectory continues with the national team after winning the 2018 World Cup, and losing out in the 2022 final. <br/>What could be an incredible club season and possibly that for country too, if he’s to head to Real Madrid in the summer, he’ll certainly be welcomed with open arms.
Kylian Mbappe: France star gearing up for Euro 2024 and nearing Madrid move this summer
⏲ 1:0 👁 545K
TopMovieClips
Team Iron Man vs Team Cap - Airport Battle Scene - Captain America: Civil War - Movie CLIP HD
⏲ 3 minutes 51 seconds 👁 136.4M
CinemaSins
Everything Wrong With Every Avengers Movie EVER (That We've Sinned So Far)
⏲ 1 hour 5 minutes 37 seconds 👁 1.5M
Experience the official 'Move Out Day,' clip from the gripping ABC cop series, The Rookie Season 6 Episode 7, masterfully crafted by creator Alexi Hawley. Join the stellar ensemble cast including Nathan Fillion, Eric Winter, Melissa O'Neil and more as they navigate the challenges of law enforcement in Los Angeles. Don't miss out on the action; catch up on Season 6 now streaming on ABC!<br/><br/>The Rookie Cast:<br/><br/>Nathan Fillion, Eric Winter, Alyssa Diaz, Richard T. Jones, Titus Makin Jr., Mercedes Mason, Melissa O'Neil, Jenna Dawin, Afton Williamson, Mekia Cox and Shawn Ashmore <br/><br/>Stream The Rookie Season 6 now on ABC and Hulu!
Move Out Day on ABC's Hit Cop Drama The Rookie
⏲ 1:59 👁 540K
4K Clips And Trailers
4K HDR - Chitauri Invasion - The Avengers (2012)
⏲ 5 minutes 20 seconds 👁 1.4M
TopMovieClips
Hulk vs HulkBuster - Fight Scene - Avengers Age of Ultron (2015) Movie CLIP HD
⏲ 4 minutes 12 seconds 👁 60.3M
Woman shows how Lil Kim dance moves saved her from apartment shootingSource: WTVY
Watch: Lil Kim dance moves helps mother dodge bullets during shooting
⏲ 0:25 👁 885K
GCR Designs
MARVEL MOVIES THAT GOT CANCELLED! #shorts
⏲ 56 seconds 👁 36.3K
ABHI X FF
THOR VS THANOS IN REAL LIFE 😱SPIDER-MAN🔥 IRON MAN🔥 AVENGERS#shorts #shortsfeed #spiderman
⏲ 1 minute 👁 362K
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