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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 👁 5.9M

Low Life Nation

Lowest In America - Not A Diss (Milwaukee Diss) Shot By: Mister.Pmh |Official Music Video|

⏲ 3 minutes 23 seconds 👁 20.8K

Grand Rounds in Urology

Case-Based Tumor Board: Confronting Management Controversies in Renal Cell Carcinoma

⏲ 45 minutes 43 seconds 👁 654

I Wish It Were You Full Movie Review - I Wish It Were You Review

I Wish It Were You Full Movie Review - I Wish It Were You Review

⏲ 1:50:33 👁 11.2M

PHAN MINH HẬU

Neymar packs Mitoma 🇯🇵💫 (Edited) #fifa23 #fifamobile #fifamobile23

⏲ 12 seconds 👁 2.1M

jonathan russell

PMH \"HAITIAN BAHAMIAN BABY\"PRANK BY DADDI WHITES

⏲ 5 minutes 2 seconds 👁 28.3K

Experience the official “It’s All Downhill” clip from the thrilling ABC cop drama series, The Rookie Season 6, crafted by Alexi Hawley. Featuring the talented ensemble cast including Nathan Fillion, Melissa O'Neil, Eric Winter and more. Catch the action-packed scenes and gripping storyline as you stream The Rookie Season 6 on ABC!<br/><br/>The Rookie Cast:<br/><br/>Nathan Fillion, Alyssa Diaz, Richard T. Jones, Titus Makin Jr., Mercedes Mason, Melissa O'Neil, Jenna Dawin, Afton Williamson, Mekia Cox, Shawn Ashmore and Eric Winter<br/><br/>Stream The Rookie Season 6 now on ABC and Hulu!

It's All Downhill on ABC’s The Rookie

⏲ 0:50 👁 5.2M

FattMetrii - Topic

Kenny Solid Ass

⏲ 2 minutes 24 seconds 👁 3

BATU JOMBA TV

Agar Bisa Lolos !!! Bemper Bus PMH Rusak Di Tanjakan Batu Jomba

⏲ 16 seconds 👁 10.6M

Best Choice Ever (2024) Episode 36 English sub

Best Choice Ever (2024) Episode 36 English sub

⏲ 44:55 👁 31.8M

PHAN MINH HẬU

Pique packs Legend “Henry”🇫🇷💫 (Edited) #fifamobile #fifa23 #shorts

⏲ 13 seconds 👁 2.8M

Aileen Kalev

MAY IBANG BABAE NA DAW SI MISTER SA FINLAND+KAPWA PINAY AT KAIBIGAN KO PA DAW😢PINAS VLOG🇵🇭❤️🇫🇮

⏲ 49 minutes 51 seconds 👁 23K

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