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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 👁 5M

CARNIVAL VIBES

Carnival Short Clips 139

⏲ 35 seconds 👁 10.9K

CARNIVAL VIBES

Carnival Short Clips 151

⏲ 1 minute 56 seconds 👁 7.3K

Watch as Akhilesh Prasad Singh, IG of CRPF, provides insights into the recent attack on a CRPF outpost in Imphal, Manipur. He discusses the presence of anti-national elements and the efforts to bring them into the mainstream. Gain valuable perspective on the security situation in the region and the ongoing efforts to maintain peace. <br/> <br/>#ManipurViolence #ManipirAttack #ManipurCRPF #CRPFAttack #KukivsMeitei #ManipurunderAttack #ManipurunderViolence #Oneindia<br/>~HT.99~PR.274~ED.102~

Manipur CRPF Attack: Addressing Security Challenges, Insights from CRPF IG | Oneindia News

⏲ 2:2 👁 1.6M

Caribbean Chit

What Happened at Orlando Carnival Jouvert 2023 WILD VERSION!!

⏲ 14 minutes 33 seconds 👁 27.7K

Carnival Blaze

(4K) 2022 BARBADOS CROPOVER pt 3

⏲ 22 minutes 32 seconds 👁 12.3K

Family Love Takes Me Home ep 34-36 chinese short drama eng sub

Family Love Takes Me Home ep 34-36 chinese short drama eng sub

⏲ 3:41 👁 850K

Bacchanal Boys

#BacchanalBoys Joovay Junkeez Weekend Houston Carnival Jouvert Morning | WOTLESSNESS @bacchanalboys

⏲ 7 minutes 6 seconds 👁 25.7K

CARNIVAL VIBES

Carnival Short Clips 161

⏲ 1 minute 28 seconds 👁 4.2K

Family Love Takes Me Home ep 34-36 chinese short drama eng sub

Family Love Takes Me Home ep 34-36 chinese short drama eng sub

⏲ 3:40 👁 345K

CARNIVAL VIBES

Carnival Short Clips 10

⏲ 29 seconds 👁 6.9K

Manfromrock TV

MIAMI CARNIVAL BEST JOUVERT MOMENTS FOR 2022- HOT HOT

⏲ 12 minutes 55 seconds 👁 181.8K

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