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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 👁 11.4M

NPR Music

Booker T. Jones: NPR Music Tiny Desk Concert

⏲ 17 minutes 53 seconds 👁 1.5M

Dorothea Taylor Dtdrummerlady

Let’s talk about Moeller Technique

⏲ 10 minutes 48 seconds 👁 5.2K

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

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

⏲ 1:32 👁 5M

Drumeo

A Fun & Easy Way to Approach Drum Fills (Jost Nickel)

⏲ 46 minutes 14 seconds 👁 78.4K

Whole Lotta Drumming

Learn Drum Fills using Syncopation Drumbook by Ted Reed || DRUMBOOK STUDIES

⏲ 11 minutes 8 seconds 👁 8.9K

Jake Paul has once again shocked the fighting world with the wild announcement he'll be boxing Mike Tyson on Netflix in a live event. The fight is set for July, and here we are in March with the two already trading jabs over the internet. After seeing them exchange some comments over social media, I can't help but wonder if Paul is making a huge mistake.<br/><br/>There are still quite a few months to go before we get to tune in live with our Netflix subscriptions and see Mike Tyson and Jake Paul throw down, but \

Jake Paul Is Already Trolling Mike Tyson Ahead Of Their Big Fight, And I Think He's Making A Big Mistake

⏲ 1:14 👁 1.8M

River of Life Church International

Paul's Prayer: To Know His WillPastor Jim Hessler

⏲ 1 hour 18 minutes 26 seconds 👁 23

drumtrainer online

Anika Nilles & Claus Hessler study the 'Pataflafla' | Full Lesson

⏲ 13 minutes 6 seconds 👁 7.6K

10 facts you never knew about The Shawshank Redemption

⏲ 1:55 👁 3M

Wittenberg University

2020 Honors Convocation at Wittenberg: Mathematics & Computer Science Departmental Awards

⏲ 33 seconds 👁 71

Venture TV

Startups gründen als Game - Paul Hessler entwickelt \"Startup49\"

⏲ 5 minutes 33 seconds 👁 828

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