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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 👁 8.3M

Barbosa Fútbol Videos

Jürgen Kohler, Der Fussballgott [Skills & Goals]

⏲ 5 minutes 56 seconds 👁 38.9K

Borussia Dortmund

\"Wouldn’t have had the life I have now without this club!\" | What do they do now with Paul Lambert

⏲ 11 minutes 2 seconds 👁 10.1K

Weighing in on the photoshopped image of Mark Zuckerberg with facial fuzz that has spread like wildfire over the Internet, Gwyneth Paltrow has admitted the doctored snap reminds her of her Coldplay frontman “ex hub” Chris Martin.

Gwyneth Paltrow says Mark Zuckerberg's viral photoshopped beard image reminds her of Chris Martin

⏲ 1:45 👁 1.8M

Borussia Dortmund

Best of BVB-Legende Paul Lambert

⏲ 44 seconds 👁 8.4K

Celtic FC

Celtic Legends v Borussia Dortmund Legends: Paul Lambert

⏲ 4 minutes 32 seconds 👁 1.8K

Experience the pulse-pounding intensity of FBI: International Season 3 Episode 10 with the clip \

Don’t Ever Change on the New Episode of CBS' FBI: International

⏲ 1:20 👁 13.7M

Open Goal

Si Ferry Meets... Paul Lambert | Celtic Years, Dortmund Champions League Win, Cup Winner at 17

⏲ 2 hours 4 minutes 9 seconds 👁 43.8K

Bundesliga

Top 10 Scottish Goals in Bundesliga History

⏲ 5 minutes 36 seconds 👁 22.3K

Dolphins Select Patrick Paul With No. 55 Pick in 2024 NFL Draft from paul lambert dortmund

Dolphins Select Patrick Paul With No. 55 Pick in 2024 NFL Draft

⏲ 1:32 👁 3.9M

Henrik 7

Paul Lambert - Celtic F.C.

⏲ 5 minutes 55 seconds 👁 1.1K

Olly Starling

Paul Lambert destroys journalist.

⏲ 1 minute 👁 71.8K

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