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Inside A $46 Million Renewable Energy Swindle
⏲ 15:41 👁 11.5M
US Colleges Grapple with Pro-Palestinian Protests, as Hundreds of Protestors Arrested
⏲ 0:46 👁 1.2M
Couple renovating cottage discover 200-year-old well underneath hallway
⏲ 1:44 👁 17.5M
Pro-Palestinian Protesters at Columbia Are Occupying a Building
⏲ 1:17 👁 9.2M
WATCH: Pro-Palestinian protests at universities across the world
⏲ 2:0 👁 9.2M
A’ja Wilson on How the WNBA Will Continue to 'Break the Glass Ceiling' Over Us
⏲ 1:10 👁 20.2M
Man Builds ‘Tankenstein’ From WW2 Tank
⏲ 5:24 👁 3.7M
Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains
⏲ 1:3 👁 2.1M
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_inside-a-3646-million-renewable-energy-swindle.jpg "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.")
_us-colleges-grapple-with-pro-palestinian-protests-as-hundreds-of-protestors-arrested.jpg "Pro-Palestinian protests have emerged at colleges across the US, demanding schools cut ties with Israel and divest from companies supporting the conflict. Some schools are negotiating with protesters, while others quickly used police force to end demonstrations. Over 90 arrests were made at USC and over 100 at Emerson in Boston during police crackdowns on encampments. Protests continue at many schools, with some protesters occupying buildings for days and tensions rising with exams nearing. Jewish students at some schools say the protests have made them afraid to be on campus.")
_couple-renovating-cottage-discover-200-year-old-well-underneath-hallway.jpg "A couple were stunned to find a secret 200-year-old well underneath their hallway when they began renovating their cottage.<br/><br/>Victoria Ellington, 36, and her husband Andrew, 40, were amazed when they discovered the 27ft hole by the front door.<br/><br/>Once explored, they found that the well, which is thought to be centuries-old, still contained crystal-clear water.<br/><br/>The couple, from Redcar, North Yorks., couldn’t bear to cover up the feature so they decided to find a way to incorporate it into building.<br/><br/>After months of hard work, Victoria and Andrew managed to install a pump to create their very own wishing well, covered by protective glass.<br/><br/>The couple now rent the beach-front property, called Bute Cottage, to holidaymakers who can enjoy the quirky water feature.<br/><br/>Mum-of-two Victoria said: “We bought the cottage during the 2020 Covid lockdown and Andrew, who is a builder, started renovating it.<br/><br/>“We were planning to add an extension and build a family home but the foundations started slipping and we knew something was up.<br/><br/>“One day Andrew found this deep hole and realised it was quite a deep well right on top of the property by the front door.<br/><br/>“He was digging at the foundations and all the soil was falling into this hole. <br/><br/>“He just sent me a photo and said: 'Oh my god, have you seen this?'<br/><br/>“We knew then that we couldn’t build an extension so Andrew just decided to make it part of the building and we could rent the cottage out.”<br/><br/>Instead of paving over the well the couple covered it with a glass walkway and lined the walls of the shaft with lights.<br/><br/>Victoria, mum to Oscar five, and Henry, nine, said: “Our sons were excited about having a wishing well so we thought we should make that a reality.<br/><br/>\")
_pro-palestinian-protesters-at-columbia-are-occupying-a-building.jpg "Pro-Palestinian protesters at Columbia University have responded to the university’s crackdown by escalating with an occupation of the campus building Hamilton Hall. Veuer’s Matt Hoffman has the story.")
_watch-pro-palestinian-protests-at-universities-across-the-world.jpg "Students in Paris inspired by Gaza solidarity encampments at campuses in the US blocked access to a campus building at the prestigious Sciences Po university in Paris on Friday, prompting all classes to be held online.")
_aja-wilson-on-how-the-wnba-will-continue-to-39break-the-glass-ceiling39-over-us.jpg "A’ja Wilson on How the WNBA Will Continue to 'Break the Glass Ceiling' Over Us")
_man-builds-tankenstein-from-ww2-tank.jpg "TIMID drivers might want to steer clear of ‘Tankenstein’, a hotrod built around a genuine, bullet-riddled World War II tank. Car-crazy customiser Shawn Cormier, from Ontario, Canada, spent five years building the vehicle - whose name is a pun on Frankenstein's monster. The hotrod is constructed around the base of a World War II brand gun cure from 1944, with a Chevy drive train, a small block Chevy turbo 350 trim mission, a standard four gear in the back and the top part of the cab is a 1947 Mercury truck. To Keep up with Tankenstein.")
_investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains.jpg "The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the “Fear” zone on Friday.<br/><br/>U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week.")
_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.")
_us-colleges-grapple-with-pro-palestinian-protests-as-hundreds-of-protestors-arrested.webp "Pro-Palestinian protests have emerged at colleges across the US, demanding schools cut ties with Israel and divest from companies supporting the conflict. Some schools are negotiating with protesters, while others quickly used police force to end demonstrations. Over 90 arrests were made at USC and over 100 at Emerson in Boston during police crackdowns on encampments. Protests continue at many schools, with some protesters occupying buildings for days and tensions rising with exams nearing. Jewish students at some schools say the protests have made them afraid to be on campus.")
_couple-renovating-cottage-discover-200-year-old-well-underneath-hallway.webp "A couple were stunned to find a secret 200-year-old well underneath their hallway when they began renovating their cottage.<br/><br/>Victoria Ellington, 36, and her husband Andrew, 40, were amazed when they discovered the 27ft hole by the front door.<br/><br/>Once explored, they found that the well, which is thought to be centuries-old, still contained crystal-clear water.<br/><br/>The couple, from Redcar, North Yorks., couldn’t bear to cover up the feature so they decided to find a way to incorporate it into building.<br/><br/>After months of hard work, Victoria and Andrew managed to install a pump to create their very own wishing well, covered by protective glass.<br/><br/>The couple now rent the beach-front property, called Bute Cottage, to holidaymakers who can enjoy the quirky water feature.<br/><br/>Mum-of-two Victoria said: “We bought the cottage during the 2020 Covid lockdown and Andrew, who is a builder, started renovating it.<br/><br/>“We were planning to add an extension and build a family home but the foundations started slipping and we knew something was up.<br/><br/>“One day Andrew found this deep hole and realised it was quite a deep well right on top of the property by the front door.<br/><br/>“He was digging at the foundations and all the soil was falling into this hole. <br/><br/>“He just sent me a photo and said: 'Oh my god, have you seen this?'<br/><br/>“We knew then that we couldn’t build an extension so Andrew just decided to make it part of the building and we could rent the cottage out.”<br/><br/>Instead of paving over the well the couple covered it with a glass walkway and lined the walls of the shaft with lights.<br/><br/>Victoria, mum to Oscar five, and Henry, nine, said: “Our sons were excited about having a wishing well so we thought we should make that a reality.<br/><br/>\")
_pro-palestinian-protesters-at-columbia-are-occupying-a-building.webp "Pro-Palestinian protesters at Columbia University have responded to the university’s crackdown by escalating with an occupation of the campus building Hamilton Hall. Veuer’s Matt Hoffman has the story.")
_watch-pro-palestinian-protests-at-universities-across-the-world.webp "Students in Paris inspired by Gaza solidarity encampments at campuses in the US blocked access to a campus building at the prestigious Sciences Po university in Paris on Friday, prompting all classes to be held online.")
_aja-wilson-on-how-the-wnba-will-continue-to-39break-the-glass-ceiling39-over-us.webp "A’ja Wilson on How the WNBA Will Continue to 'Break the Glass Ceiling' Over Us")
_man-builds-tankenstein-from-ww2-tank.webp "TIMID drivers might want to steer clear of ‘Tankenstein’, a hotrod built around a genuine, bullet-riddled World War II tank. Car-crazy customiser Shawn Cormier, from Ontario, Canada, spent five years building the vehicle - whose name is a pun on Frankenstein's monster. The hotrod is constructed around the base of a World War II brand gun cure from 1944, with a Chevy drive train, a small block Chevy turbo 350 trim mission, a standard four gear in the back and the top part of the cab is a 1947 Mercury truck. To Keep up with Tankenstein.")
_investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains.webp "The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the “Fear” zone on Friday.<br/><br/>U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week.")
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