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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.")
_kaante-maut-origional-video-song.webp "Nick15")
_chhod-na-re-lyrical-video-124-kaante-124-amitabh-bachchan-sanjay-dutt-sunil-shetty-lucky-ali.webp "T-Series Bollywood Classics")
⏲ 5 minutes 5 seconds 👁 155.1K
_meghan-markle-and-kate-middleton39s-rift-explained-the-real-reason-behind-their-infamous-fight.webp "Meghan Markle and Kate Middleton's rift explained - the real reason behind their infamous fight from kate move song mp video nokia joya")
⏲ 1:12 👁 26.7M
_premi-aashiq-aawaara-phool-aur-kaante-124-kumar-sanu-124-ajay-devgn-amp-madhoo.webp "Zee Music Classic")
⏲ 4 minutes 7 seconds 👁 48.7M
_crakk-new-2024-released-full-hindi-dubbed-action-movie-124-vidyut-jammwal-amp-arjun-rampal-new-movie.webp "Beyond Cinema")
⏲ 2 hours 12 minutes 41 seconds 👁 1.1M
_glider-crashes-at-mount-beauty-in-north-east-victoria-killing-melbourne-mother-and-pilot.webp "A man and a woman have been killed after their powered glider crashed in Victoria’s High Country. It’s understood that the purpose of the flight was to spread the ashes of someone else who had recently died. The passenger was 39-year-old Kate Callingham. She's been described by friends and family as a beloved partner, mother, daughter and friend, and a keen leader in the arts. The country fire authority says it appears the glider ran short of the runway and crashed.")
⏲ 1:21 👁 10.5M
_jise-dekh-mera-dil-dhadka-phool-aur-kaante-124-kumar-sanu-124-ajay-devgn-amp-madhoo.webp "Zee Music Classic")
⏲ 6 minutes 3 seconds 👁 20.4M
_maine-pyar-tumhi-se-kiya-hai-jhankar-phool-aur-kaante-124-anuradha-paudwal-amp-kumar-sanu.webp "TipsJhankar Gaane")
⏲ 7 minutes 32 seconds 👁 4.4M
_labour-mp-brands-tory-minister-embarrassing-after-tv-blunder.webp "Shadow Business Secretary Jonathan Reynolds described a government minister's appearance on Question Time as \")
_rabba-lounge-mix-lyrical-video-124-musafir-124-richa-sharma-124-sanjay-dutt-anil-kapoor-sameera-reddy.webp "T-Series Bollywood Classics")
⏲ 6 minutes 16 seconds 👁 6.4M
_premi-aashiq-awara-lyrical-124-phool-aur-kaante-124-ajay-devgn-madhoo-124-kumar-sanu-124-9039s-hits.webp "Tips Official")
⏲ 4 minutes 16 seconds 👁 1.6M
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