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✓ Published: 01-May-2024
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✓ Published: 01-May-2024
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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.")
_ufl-2024-updat3-arlington-renegades-hit-rock-bottom-falling-to-0-5-on-the-season-losing-to-san-antonio-brahmas-25-15.webp "Another slow start plagued the Renegades, moving them to 0-5 on the year with a loss to the San Antonio Brahmas, 25-15. This game started out like how most games start out for San Antonio, and that’s with points. Coming into gameday, the Brahmas were 1st in the league with 17 opening drive points this season, meanwhile, the Renegades failed to score on their opening drive and remain the only team to not have any opening drive points this season.<br/><br/>The game started off strong on the ground for the Brahmas, as they broke off two huge runs including a 36-yard gain on the first drive, which led to a field goal. San Antonio ended the quarter with 93 rushing yards, more than doubling their total from the previous week, 40.<br/><br/>The Renegades regained momentum later in the half when QB Luis Perez hit Javonta Payton over the top with a 54-yard strike right before halftime kept them in the game, making it a 6-pt game at the half. From there, the game became a slugfest, excitement coming to a screeching halt. Arlington failed to finish drives on the day, converting a dreadful 3 of 14 on 3rd downs. Settling for field goals was a huge theme however, on the bright side for the Renegades, that allowed new kicker Jonathan Garibay to impress, hitting 3 of 4 on his attempts.<br/><br/>The biggest play of the game came after the Brahmas broke the 15-15 tie early in the 4th with a goal line punch in from one yard out with John Lovett. The Renegades had the ball at their own 40-yard line and decided to go for it on 4th and 1 instead of punting it.<br/><br/>I got Arlington coach Bob Stoops’ insight on why he went for it, he stated, “If I had more confidence in our defensive stops, I might’ve said hey, let’s just punt it …but I didn’t.” San Antonio was 5 of 10 on 3rd & 4th downs, and that proved to be the difference in the game.<br/><br/>Despite the loss, QB Luis Perez sets another record, becoming the first QB in UFL history to eclipse over 1,000 yards passing. Saturday he went 26-36 for 270 yards and 1 TD, a consistent line with the ones he’s been putting up all season long. Javonta Payton continues his impressive season, as he surpasses 100 yards receiving for the 2nd time this season.<br/><br/>The Renegades travel up to Michigan to take on the Michigan Panthers next Sunday. Stay tuned for all things Renegades.<br/><br/>")
_39a-race-to-the-bottom39-chuck-schumer-slams-gop-for-rise-in-39draconian39-abortion-laws.webp "During remarks on the Senate floor, Senate Majority Leader Chuck Schumer (D-NY) spoke about strict abortion policies in Republican states.<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/><br/>Stay Connected<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")
_caleb-williams-leads-as-favorite-for-rookie-of-the-year.webp "Caleb Williams Leads as Favorite for Rookie of the Year from chicago bottom neal video")
_chicago-med-season-9-episode-11-promo.webp "Chicago Med 9x11 Season 9 Episode 11 Promo - I Think There-s Something You-re Not Telling Me")
_top-or-bottom.webp "top or bottom from chicago bottom neal video")
_burning-charcoal-leaves-gaping-hole-in-old-barbecue-set.webp "These guys found their barbecue with a large hole in its bottom and all the charcoal on the ground. They couldn't help but laugh at the awkward situation.<br/><br/>“The underlying music rights are not available for license. For use of the video with the track(s) contained therein, please contact the music publisher(s) or relevant rightsholder(s).”")
_dave-wannstedt39s-take-on-caleb-williams-and-the-chicago-bears.webp "What can bettor's expect from the Bears now that they have Caleb Williams?Coach Dave Wannstedt shares his insights")
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