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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 👁 10.8M
_senior-cat-suddenly-homeless-when-owner-moves-to-nursing-home-and-no-one-wants-him.jpg "When Marshall's elderly owner moved into a nursing home, the heartbroken 15-year-old ginger cat faced an uncertain future.")
⏲ 1:2 👁 1.9M
_china39s-rover-moves-on-mars.jpg "Watch footage of China's Zhurong rover moving on the Martian surface. It was captured by a camera the rover deployed on Mars. Also, listen to audio the rover recorded during it deployment onto the surface and descent footage!<br/><br/>Credit: Space.com | footage courtesy: China Central Television / CNSA | produced & edited by Steve Spaleta")
⏲ 1:34 👁 935K
_what-if-sharks-and-other-sea-creatures-moved-to-the-skies.jpg "Imagine this – sea animals taking to the skies like they own the place! It'd be like a whole new world up there. Picture dolphins doing somersaults through the clouds and whales breaching above the waves. And don't even get me started on flying squids – talk about an aerial acrobatics show! But hey, it's not all fun and games – flying sharks might give you second thoughts about hitting the beach. Still, gotta admit, seeing our underwater buddies spread their wings would be pretty darn cool! ✈️Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>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 in 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 judgement, care and precaution if you plan to replicate.")
⏲ 16:30 👁 2.8M
_mauricio-umansky-moves-out-of-house-with-kyle-richards-buys-place-in-west-hollywood.jpg "Mauricio Umansky Moves Out of House With Kyle Richards, Buys Place in West Hollywood")
⏲ 1:1 👁 410K
_ladd-mcconkey39s-unexpected-move-to-chargers-key-insights.jpg "Ladd McConkey's Unexpected Move to Chargers: Key Insights from 3x move hd")
⏲ 1:23 👁 1.7M
_did-cowboys-trade-allow-dallas-to-keep-up-with-big-move-commanders-in-nfl-draft.jpg "Did Cowboys Trade Allow Dallas To Keep Up With Big-Move Commanders in NFL Draft?")
⏲ 1:54 👁 6.5M
_did-the-falcons-make-the-right-move-drafting-michael-penix-jr.jpg "Did the Falcons Make the Right Move Drafting Michael Penix Jr.? from 3x move hd")
⏲ 3:8 👁 1.3M
_china39s-rover-moves-on-mars.jpg "Watch footage of China's Zhurong rover moving on the Martian surface. It was captured by a camera the rover deployed on Mars. Also, listen to audio the rover recorded during it deployment onto the surface and descent footage!<br/><br/>Credit: Space.com | footage courtesy: China Central Television / CNSA | produced & edited by Steve Spaleta")
⏲ 1:34 👁 515K
_o-get-ot-tyler-guytcowboys-trade-down-to-29-ton-was-that-the-right-move.jpg "The Cowboys have their 2024 1st round player in Oklahoma OT Tyler Guyton. Before the pick though they traded down from 24 to 29. Some fans were not ok with this move, but our Cowboys insider Bobby Belt explains why the Cowboys made the right move.")
⏲ 12:19 👁 3.3M
_cowboys-commanders-giants-and-eagles-all-make-winning-moves-in-nfl-draft-first-round.jpg "Cowboys, commanders, Giants and Eagles all make winning moves in NFL draft first round")
⏲ 3:20 👁 108.4M
_california-achieves-major-ev-milestone-as-it-moves-towards-its-2035-ban-on-new-gas-vehicle-sales.jpg "California has reached a milestone of having one electric vehicle charging station for every five gas stations, with over 105,000 individual public or private EV chargers now installed. This helps advance California's goals as it moves towards its 2035 ban on new gas vehicle sales and leads the U.S. in EV adoption rates. California accounts for about one-third of all U.S. electric vehicle sales and has over 1.8 million zero-emission vehicles sold. The state recently approved a $1.9 billion plan to install up to 40,000 new public charging stations on its roads.")
⏲ 0:38 👁 475K
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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.")
_senior-cat-suddenly-homeless-when-owner-moves-to-nursing-home-and-no-one-wants-him.webp "When Marshall's elderly owner moved into a nursing home, the heartbroken 15-year-old ginger cat faced an uncertain future.")
_china39s-rover-moves-on-mars.webp "Watch footage of China's Zhurong rover moving on the Martian surface. It was captured by a camera the rover deployed on Mars. Also, listen to audio the rover recorded during it deployment onto the surface and descent footage!<br/><br/>Credit: Space.com | footage courtesy: China Central Television / CNSA | produced & edited by Steve Spaleta")
_what-if-sharks-and-other-sea-creatures-moved-to-the-skies.webp "Imagine this – sea animals taking to the skies like they own the place! It'd be like a whole new world up there. Picture dolphins doing somersaults through the clouds and whales breaching above the waves. And don't even get me started on flying squids – talk about an aerial acrobatics show! But hey, it's not all fun and games – flying sharks might give you second thoughts about hitting the beach. Still, gotta admit, seeing our underwater buddies spread their wings would be pretty darn cool! ✈️Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>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 in 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 judgement, care and precaution if you plan to replicate.")
_mauricio-umansky-moves-out-of-house-with-kyle-richards-buys-place-in-west-hollywood.webp "Mauricio Umansky Moves Out of House With Kyle Richards, Buys Place in West Hollywood")
_ladd-mcconkey39s-unexpected-move-to-chargers-key-insights.webp "Ladd McConkey's Unexpected Move to Chargers: Key Insights from 3x move hd")
_did-cowboys-trade-allow-dallas-to-keep-up-with-big-move-commanders-in-nfl-draft.webp "Did Cowboys Trade Allow Dallas To Keep Up With Big-Move Commanders in NFL Draft?")
_did-the-falcons-make-the-right-move-drafting-michael-penix-jr.webp "Did the Falcons Make the Right Move Drafting Michael Penix Jr.? from 3x move hd")
_china39s-rover-moves-on-mars.webp "Watch footage of China's Zhurong rover moving on the Martian surface. It was captured by a camera the rover deployed on Mars. Also, listen to audio the rover recorded during it deployment onto the surface and descent footage!<br/><br/>Credit: Space.com | footage courtesy: China Central Television / CNSA | produced & edited by Steve Spaleta")
_o-get-ot-tyler-guytcowboys-trade-down-to-29-ton-was-that-the-right-move.webp "The Cowboys have their 2024 1st round player in Oklahoma OT Tyler Guyton. Before the pick though they traded down from 24 to 29. Some fans were not ok with this move, but our Cowboys insider Bobby Belt explains why the Cowboys made the right move.")
_cowboys-commanders-giants-and-eagles-all-make-winning-moves-in-nfl-draft-first-round.webp "Cowboys, commanders, Giants and Eagles all make winning moves in NFL draft first round")
_california-achieves-major-ev-milestone-as-it-moves-towards-its-2035-ban-on-new-gas-vehicle-sales.webp "California has reached a milestone of having one electric vehicle charging station for every five gas stations, with over 105,000 individual public or private EV chargers now installed. This helps advance California's goals as it moves towards its 2035 ban on new gas vehicle sales and leads the U.S. in EV adoption rates. California accounts for about one-third of all U.S. electric vehicle sales and has over 1.8 million zero-emission vehicles sold. The state recently approved a $1.9 billion plan to install up to 40,000 new public charging stations on its roads.")
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