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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 👁 11.3M

Slab Hunter TV "Hand Size Man Size Pan Size "

Restocking for New Content Soon

⏲ 12 minutes 21 seconds 👁 189

Santrel Media

How To Make Successful TikTok Ads for 2024 (Step-by-Step Tutorial)

⏲ 21 minutes 34 seconds 👁 55.9K

ArtisticGhettoCraftsabbreviatedasAGCisaprivateurbanMedia& EntertainmentCompany establishedon the10thofFebruary2015. Thecompany inanutshellisanEventsSolution, TalentManagement,Branding,Marketing& AdvertisingCompanythat’ssynonymouswith creativity andinnovation.Theprimaryreasonbehindtheinception ofthisproactiveinnovative urbancompany istooffercreativeservicesthatwillassistbrands, executiv

AGC - AD Video.mp4

⏲ 41 sec ✓ 19-Jul-2021

James Sinclair's Podcast

£500k per month Security Business but is STUCK Growing! (4k)

⏲ 1 hour 4 minutes 3 seconds 👁 708

California Management Review

Influencer Marketing: How to be Successful on Instagram, TikTok, & Co.

⏲ 2 minutes 57 seconds 👁 821

She was forced to marry a vegetative person, and the CEO doted on her infinitely after waking up.

She was forced to marry a vegetative person, and the CEO doted on her infinitely after waking up.

⏲ 2:14:1 👁 90K

Modern Millie

HOW TO GROW ON TIKTOK IN 2024 | The only TikTok growth video you'll ever need to watch

⏲ 33 minutes 25 seconds 👁 166.9K

Michael Bernstein

How To Create Tiktok Organic Videos That ACTUALLY Convert

⏲ 6 minutes 54 seconds 👁 24.4K

The National Agricultural Marketing and Development Corporation (NAMDEVCO) has had to use a significant amount of its cash in the bank because of what is states is lower than usual government subventions.<br/><br/><br/>Nonetheless, there may be a light at the end of the tunnel this year, if the 2024 allocation comes to fruition.<br/><br/><br/>Alicia Boucher has more in this report.

NAMDEVCO CASH IN BANK IS $8M

⏲ 3:24 👁 80K

Wes McDowell

This 2023 TikTok Ads Strategy Breaks All the Rules - But Works 10x BETTER

⏲ 11 minutes 15 seconds 👁 28.1K

Inbound Explained • Digital Marketing

TikTok Marketing For Your Business - How It Works

⏲ 6 minutes 23 seconds 👁 3.7K

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