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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 👁 12M
MSProductions1155
UK Fraud & Scammer Documentary
⏲ 27 minutes 56 seconds 👁 14.4K
Financial Crime Academy
The Fraud Investigation Process
⏲ 6 minutes 50 seconds 👁 6.5K
Sahil Khan Arrest : एक्टर साहिल खान को महादेव बेटिंग ऐप मामले में गिरफ्तार कर लिया गया है। अब तक खबरें थीं कि उनके कानूनी पचड़े में फंसने की गुंजाइश है लेकिन अब छत्तीसगढ़ में उनकी गिरफ्तारी हुई है और उन्हें मुंबई लाया जा रहा है। साहिल खान को 28 अप्रैल को ही कोर्ट में पेश किया जाएगा। गिरफ्तारी के बाद साहिल खान का पहला रिएक्शन सामने आ चुका है।<br/> <br/>Sahil Khan Arrest: Actor Sahil Khan has been arrested in the Mahadev betting app case. Till now there were reports that there was a possibility of him getting into legal trouble but now he has been arrested in Chhattisgarh and is being brought to Mumbai. Sahil Khan will be presented in the court only on 28th April. Sahil Khan After Arrest First Reaction Video Viral <br/> <br/>#SahilKhan #MahadevBettingApp #Fraud<br/>~HT.99~PR.115~ED.118~
Sahil Khan After Arrest First Reaction Video Viral, Mahadev Betting App Case में Mumbai पहुंचे
⏲ 3:11 👁 375K
ABC15 Arizona
Fake check scam continues to confuse consumers
⏲ 1 minute 45 seconds 👁 300.9K
Body Cam Watch
Woman's Fake $24k Check Scam Fails Miserably
⏲ 14 minutes 58 seconds 👁 864.3K
On Wednesday, the Senate Foreign Relations Committee held a hearing entitled, “Conflict & Humanitarian Emergency In Sudan: An Urgent Call To Action.”<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/><br/>Stay Connected<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
Ben Cardin Leads Senate Foreign Relations Committee On Conflict & Humanitarian Emergency In Sudan
⏲ 1:39:50 👁 205K
Mark McCann
I CONFRONTED THE SCAMMER THAT THREATENED MY FAMILY
⏲ 25 minutes 36 seconds 👁 219.4K
NBC Chicago
NEW developments in Dolton criminal investigation
⏲ 8 minutes 55 seconds 👁 109.5K
The Houthi militia, known for its anti-Israel stance, has offered a safe haven to students suspended from U.S. universities for their protests against Israel’s actions in Gaza, Reuters reported.
University Students Suspended For Anti-Israel Campus Protests Offered Shelter By Yemen's Houthi Militia
⏲ 0:49 👁 150K
Home.Made.Nation
3 BIG STORAGE SOLUTIONS FOR TINY SPACES *Marathon* | Tiny House Nation | Home.Made.Nation
⏲ 2 hours 6 minutes 8 seconds 👁 6.1K
Law Chakra
CJI Stays CBI Probe Order; Whole Cabinet In Jail? #lawchakra #supremecourtofindia #analysis
⏲ 11 minutes 👁 112.6K
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