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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

DatPiff

OhGeesy & DaBaby - Get Fly (AUDIO)

⏲ 2 minutes 50 seconds 👁 255.8K

Atmosphere

⏲ 4 minutes 46 seconds 👁 104.6K

Data obtained by Kent Online via freedom of information requests shows that Canterbury council brought in the most money from parking charges of local authorities in the county.

Canterbury businesses furious over parking charges

⏲ 2:37 👁 9M

Wild Fly Productions

HOPE & HIGH WATER (Full Movie) | Searching for Cutthroat in Americas Most Remote Wilderness

⏲ 1 hour 1 minute 15 seconds 👁 8.1K

1realfatty

⏲ 2 minutes 9 seconds 👁 3.5K

Boeing has put a price tag on the grounding of its planes. The manufacturer will pay its airline customers $443 million dollars for the three week period where no 737 Max 9 planes could fly. Alaska Airlines, which experienced that door plug blowout in January, as well as United Airlines, both say they have reached financial agreements with Boeing.

Boeing to Pay Airlines $443 Million for Max Incidents

⏲ 0:53 👁 25.9M

Mad River Outfitters

Q&A | #41 - How To Find out What Fly to Use!

⏲ 23 minutes 42 seconds 👁 34.9K

DJ LILMAN

@DJLILMAN973 - Get Fly ( OFFICIAL VIDEO )

⏲ 2 minutes 39 seconds 👁 187.8K

Travel back 390 million years after the big bang to the ancient Maisie's Galaxy in this stunning 3D visualization that showcases 5000 galaxies captured by the James Webb Space Telescope. It was created from CEERS (Cosmic Evolution Early Release Science) Survey data.<br/><br/>Credits:<br/>Visualization:Frank Summers (STScI), Greg Bacon (STScI), Joseph DePasquale (STScI), Leah Hustak (STScI), Joseph Olmsted (STScI), Alyssa Pagan (STScI)<br/>Science: Steve Finkelstein (UT Austin), Rebecca Larson (RIT), Micaela Bagley (UT Austin)<br/>Music: Far Far Far by Bonnie Grace / courtesy of Epidemic Sound

Watch This Amazing 3D Visualization Fly Through View Of 5000 Galaxies From The James Webb Space Telescope

⏲ 1:17 👁 1.8M

Gaming with Abyss

How to Unlock Fast Traveling with TM94 Fly Pokemon Brilliant Diamond & Shining Pearl (Fly Location)

⏲ 2 minutes 2 seconds 👁 43.9K

Fox News

Dozens of anti-Israel protesters arrested amid standoff at University of Texas

⏲ 7 minutes 32 seconds 👁 46K

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