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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 👁 9.6M

Deshae Frost

Liberty Pulled Up! We Had To Separate Them! S3 Ep.3

⏲ 35 minutes 13 seconds 👁 690.1K

Deshae Frost Live

Deshae Frost & Don Goes On A 2 MAN At 6 Flags! 🎡💕

⏲ 17 minutes 29 seconds 👁 16.1K

As Europe endures an unusual cold snap, many fruit farmers are concerned for their summer harvests.

Europe's fruit farmers worry as unseasonal frosts threaten harvests

⏲ 1:24 👁 14.3M

Deshae Frost

SO WE TAPED MY ASSISTANT TYLER TO THE WALL FOR THE DAY!

⏲ 14 minutes 19 seconds 👁 114.1K

The Tea Room

Deshae Frost ACU$ED of”TAKING ADVANTAGE OF”intoxicated IG Model😳Corey reveal the TRUTH about Carmen

⏲ 8 minutes 5 seconds 👁 62.3K

Gardeners World 2024 Episode 7 - In the serene expanse of his newly conceptualized woodland border, Adam Frost is joined by his feline companion, Ash the cat, in bringing this vision to life. Adam is deeply immersed in enhancing this verdant space and doesn't miss the opportunity to share his expertise as he nurtures his vegetable plot. He generously offers invaluable advice on cultivating native bluebells to ensure they thrive in their natural habitat.

Gardeners World 2024 Episode 7

⏲ 58:59 👁 11.7M

Deshae Frost Live

My Last Video Here🥲 SMH

⏲ 59 minutes 22 seconds 👁 15K

DreDaTopic Live

Deshae Frost Gets His Girl Stole By Kai Cenat Live On Stream !

⏲ 21 minutes 45 seconds 👁 421

A political controversy has erupted in Karnataka where former Prime Minister HD Deve Gowda’s grandson, Prajwal Revanna, has got embroiled in a sex scandal. While the Congress-led Karnataka government has formed an SIT to investigate alleged sex videos of Prajwal Revanna, two JD-S MLAs urged Deve Gowda to take action against his grandson.<br/>

Prajwal Revanna Gets Embroiled In Sex Scandal, JDS MLAs Demand Action Against Deve Gowda’s Grandson

⏲ 1:43 👁 1.3M

Deshae Frost Live

Deshae Frost Brings Ezee On Stream For The First Time! (FULL STREAM!)

⏲ 2 hours 22 minutes 42 seconds 👁 86.7K

Deshae Frost

She Pulled Up On Me At 1am😍

⏲ 46 minutes 40 seconds 👁 214.2K

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