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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 👁 6.8M

SONNET CRICKET CLUB, RANCHI

⏲ 21 seconds 👁 177.8K

BeerBiceps

Robin Uthappa: Cricketer's Minds & Lifestyle, Politics, Sports & IPL Stories | The Ranveer Show 402

⏲ 2 hours 10 minutes 42 seconds 👁 211.8K

We meet members of the Robin Park Runners as they get ready for the Parkrun takeover at Haigh Woodland Park. The Wigan-based running club launches its first-ever takeover of the weekly 5km event on Saturday 27 April, all in the aim of attracting new members.

Robin Park Runners get ready for takeover event

⏲ 1:55 👁 14.4M

SONNET CRICKET CLUB, RANCHI

Robin Minz under -19 u 25 state player

⏲ 3 minutes 27 seconds 👁 166.7K

Amit Toppo

Robin Minz Practicing at Gumla Stadium | Exclusive Footage

⏲ 1 minute 36 seconds 👁 278.2K

Indian Cricketer Krunal Pandya Welcomes Second Child, Shares Pictures with Newborn From Hospital.Watch Out <br/> <br/> <br/>#KrunalPandya #BabyBoy #GoodNews #ViralPictures

Indian Cricketer Krunal Pandya ने दूसरे बेटे का किया Welcome, Hospital से Baby संग Share कीं Photos

⏲ 3:3 👁 2M

Kimothy Albani

രണ്ട് പേരെയും ഭിത്തിയിലൊട്ടിച്ചിട്ടുണ്ട് | SUJAYA PARVATHY | Reporter channel Debate | Troll

⏲ 6 minutes 53 seconds 👁 82.3K

CPL T20

Rahkeem Cornwall and Rovman Powell's INCREDIBLE Partnership! | CPL Memories

⏲ 8 minutes 10 seconds 👁 499.6K

Lionel Messi and Thierry Henry make the cut, but no room for Andres Iniesta or Xavi in Cesc Fabregas' team

No Xavi or Iniesta? - Fabregas names his dream team-mate six-a-side

⏲ 0:19 👁 4M

Vintage Cricket Videos

India chases 29 from 3 overs in a Thrilling Match against Sri Lanka, All thanks to Ajit Agarkar

⏲ 2 minutes 24 seconds 👁 607.4K

CPL T20

Kieron Pollard disagrees with Rahkeem Cornwall's early retirement!

⏲ 9 minutes 7 seconds 👁 6.2M

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