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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 👁 10.6M
Goldmines
Vedalam (4K)- Ajith Kumar Blockbuster Action Film | Shruti Hassan, Lakshmi Menon, Rahul Dev, Ashwin
⏲ 2 hours 12 minutes 👁 3.8M
Movie Diaries
Testing AK-47, Kalashnikov movie scene 2020
⏲ 2 minutes 16 seconds 👁 252.6K
The move to increase the minimum overall monthly income of civil servants to RM2,000 is a bold step in the right direction, said Congress of Unions of Employees in Public and Civil Services (Cuepacs) president Datuk Dr Adnan Mat of the planned revamp of the Public Service Remuneration System which he added is a long-awaited relief for civil servants nationwide.<br/><br/>Read more at https://rb.gy/hdo4v2<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
Cuepacs welcomes government's move on over 13% pay increase for civil servants
⏲ 3:34 👁 980K
Goldmines Dishoom
विवेगम (4k ULTRA HD) - अजित एक्शन ब्लॉकबस्टर हिंदी डब्ड फुल मूवी | विवेक ओबेरॉय, काजल अग्गरवाल
⏲ 2 hours 11 minutes 11 seconds 👁 14.9M
KinoCheck.com
AK-47: Kalashnikov Trailer (2021)
⏲ 1 minute 13 seconds 👁 806.6K
Cowboys, commanders, Giants and Eagles all make winning moves in NFL draft first round
Cowboys, commanders, Giants and Eagles all make winning moves in NFL draft first round
⏲ 3:20 👁 108.3M
SUMEET ARTS
Player Ek Khiladi (Aarambham) | Bangla Dubbed Full (HD) Action Lovestory Movie | Ajith & Nayanthara
⏲ 2 hours 11 minutes 👁 960.3K
Men Sak Nouvèl
Jounal Premye Lè 1e Mai 2024 Lavalas Rouj Lesly Voltaire Pete Koken Konsey La Tou Kraze Biden Sezi
⏲ 2 hours 3 minutes 46 seconds 👁 1.7K
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.
What If Sharks And Other Sea Creatures Moved To The Skies?
⏲ 16:30 👁 2.4M
Ti koze ak Lynn
Prezidan annik fi n enstale, Koken peteMoise montre vrè vizaj li nan politik
⏲ 23 minutes 28 seconds 👁 595
AK SONGSTRESS
Ak Songstress -My Proposal Official Video
⏲ 3 minutes 29 seconds 👁 716.9K
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