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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 👁 7.5M

Spill Sesh

INFLUENCER EVENTS ARE A MESS (stagecoach afterparty drama)

⏲ 10 minutes 47 seconds 👁 7.9K

VETTED

Billy Carson Gets Emotional Recounting Alien Encounter

⏲ 6 minutes 31 seconds 👁 1.1K

Terorista pa rin ang turing ng Anti-Terrorism Council sa...<br/><br/><br/>Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 10:30 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Terorista pa rin daw ang CPP-NPA | BT

⏲ 1:15 👁 2.9M

Prayer u0026 the Prophetic 🕊️🕊️

WHAT HAVE YOU DONE 😳 ?NEWS ABOUT YOU IS SPREADING EVERYWH3R3, EVERYONE ………………..

⏲ 11 minutes 37 seconds 👁 751

Jake Webber

Eating our Favorite Meals wTrisha Paytas!

⏲ 28 minutes 40 seconds 👁 1.5M

Directed by Mark MazurnProduced by Raul B FernandeznCinematography by Josh BeckernTalent - David Girona, Dakota Merrill, Willam JerrynEdited by Nick WegnernMusic by Ethan EdinburgnColor by Paul SagenSound Design by Mark MessicknMix by Marcello DubaznCleveland UnitnLine Producer - April Ballingern1st AC - Jordan PellegrininGaffer - Mathias PeraltanKey Grip - Ryan KeepernMakeup & Hair - Sue ProssernCraft Services - Gina BucknPA - Joshua Alan CollinsnLos Angeles UnitnLine Producer - Maritte Gon

DiGiorno - Rising Crust

⏲ 30 sec ✓ 20-Apr-2016

Gretchen Geraghty

week in my life: loading our pod + moving home to cape cod for the summer !!!

⏲ 32 minutes 43 seconds 👁 4.4K

blndsundoll4mj

GIVING TANA A HOUSE TOUR!

⏲ 14 minutes 58 seconds 👁 540.9K

Manchester City were \

Man City helped by dry ground in Nottingham Forest win, says Guardiola

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Logan Paul

⏲ 1 minute 45 seconds 👁 31.7M

Daz Games

DAZ WATCHES DANCE MOMS

⏲ 16 minutes 50 seconds 👁 5.2M

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