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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 👁 9.1M
HiHo Kids
অভিভাবক বনাম শিশু: 9 বছর বয়সী তার বাবা ভিডিও গেম খেলতে বিতর্ক করে | স্পিরিটেড ডিবেটস | হাইহো কিডস
⏲ 8 minutes 41 seconds 👁 2.1M
Jeremy Lynch
9 বছর বয়সী আমি অন্য বাচ্চাদের সাথে বিফিং করছি 👀😂 #শর্টস
⏲ 39 seconds 👁 61.6M
Michael Rainey Jr, an actor most known for his character Tarik St. Patrick on Power, joins Rosemarie Miller on “New Money” to discuss his life growing up as a child actor, his passion for music, and 50 Cent’s mentorship.<br/><br/>0:00 Introduction<br/>0:46 The Start Of Michael's Career At 9-Years-Old<br/>4:57 Landing Power And Barbershop 3<br/>7:16 Michael On 50 Cent's Mentorship<br/>9:59 Starting A Music Production Company And Entrepreneurial Endeavors<br/>11:49 Expanding Beyond Acting<br/>12:39 Michael Beyond Acting And Music<br/>15:16 Best And Worst Money Decisions<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.
Power's Michael Rainey Jr. Shares The Best Advice 50 Cent Has Given Him
⏲ 16:44 👁 345K
Jeremy Lynch
9 YEAR OLD ME WALKING HOME FR0M SCHOOL 😂
⏲ 1 minute 18 seconds 👁 151K
Celai West
9 Year Old Celai West Black Girl Magic VIRAL RUNWAY VIDEO | LAFW
⏲ 47 seconds 👁 29.7K
12--year-old Jacob Sherd, interested in all things vintage, has collected about 9 film cameras in the past year. He's also the youngest member at PhotoAccess, a non-profit teaching people how to shoot and develop film photos, in Canberra.
Film photography and cameras are on the rise in Canberra
⏲ 1:26 👁 4.6M
FOX 2 Detroit
9-year-old girl films video with knife making threats to classmate
⏲ 1 minute 44 seconds 👁 70.6K
Joah Moore
9 Year Old Leads Tabata Workout For Kids 💥
⏲ 4 minutes 42 seconds 👁 609.1K
9-year-old Bendigo gymnast Mason Woelfle. Video by Luke West
9-year-old Bendigo gymnast Mason Woelfle.
⏲ 0:25 👁 2.9M
PR PRESENTS
9 years old kid before holi 😂🔥| indian family #shorts #indian #relatable #chotabhai #holi
⏲ 59 seconds 👁 10.8M
FOX 5 Washington DC
9-year-old girl shot while playing outside in Prince William County | FOX 5 DC
⏲ 50 seconds 👁 51.9K
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