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_inside-a-3646-million-renewable-energy-swindle.jpg "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.")
⏲ 15:41 👁 11.4M
_audi-a3-sportback-s-line-design-preview-in-green.jpg "An extensive upgrade for a successful model: The car with which Audi established the premium compact class in 1996, the A3, is sportier, more comfortable, and more digital than ever, thanks to its more progressive design, significantly extended standard equipment, and new materials and offers. Apps that can be used directly in the vehicle display, selectable daytime running light signatures, and the ability to add vehicle functions on demand any time enable a high degree of customization. The A3 allstreet, the distinctive crossover of the A3 family, is new to the market. With its characteristic off-road look, three centimeters of extra ground clearance compared to the A3 Sportback, and a raised seat position, the vehicle offers an SUV like driving experience combined with high functionality.")
⏲ 2:18 👁 645K
_not-gonna-happen-on-the-cbs-cop-drama-blue-bloods.jpg "Watch the official \")
⏲ 0:42 👁 865K
_zoe-garbett-disappointed92.jpg "With two days to go till Londoners head to the polling stations Green mayoral candidate Zoe Garbett says she's been \")
⏲ 0:39 👁 5.1M
_a-night-to-remember-sonali-bendre-shriya-pilgaonkar-amp-more-grace-broken-news-2-premiere.jpg "Sonali Bendre, Shriya Pilgaonkar and other celebs shine at 'Broken News 2' screening, adding star power to the event.")
⏲ 3:21 👁 1.9M
_49ers-select-renardo-green-with-no-64-pick-in-2024-nfl-draft.jpg "49ers Select Renardo Green With No. 64 Pick in 2024 NFL Draft from bangla movie new green")
⏲ 1:18 👁 20.9M
_shots-every-golfer-needs-to-know-around-the-green-and-how-to-play-them.jpg "In this video, Neil Tappin is joined by PGA Professional Alex Elliott to talk through the 7 shots every golfers needs, and how to play them.")
⏲ 20:15 👁 3.9M
_first-ministers-questions-thursday-april-26-2024.jpg "First Ministers Questions - Thursday April 26 2024<br/>Humza Yousaf faces questions in the Scottish Parliament on the day he dissolved the Bute House Agreement with the Scottish Green Party")
⏲ 19:38 👁 39.4M
_the-sky-is-the-limit-muaythai-fighting-twin-sisters-both-discover-wbc-glory-on-the-same-night.jpg "A catchup with the twin sisters from a village in Wolverhampton in the West Midlands who have both become MuayThai WBC Champions.<br/><br/>We caught up with them to discuss the achievement and where they want to aim for, in the future.")
⏲ 3:0 👁 975K
_bristol-jack-in-the-green-to-return-this-weekend.jpg "Jack in the Green has been part of the May Day celebrations for over 200 years and is often associated with processions of chimney sweeps, for who the May Day was a special holiday.<br/><br/>He is an imposing nine feet tall figure who is hard to miss. He is vibrant and colourful and covered in greenery and flowers.<br/><br/>Jack’s attendants, completely disguised in green rags and vegetation, play music, dance and sing as Jack leads them through the streets to celebrate the coming of Summer. <br/><br/>At the end of the journey, Jack dies to release the spirit of Summer.<br/><br/>Jack will make an appearance in Bristol on May 4.<br/>")
⏲ 0:24 👁 1.7M
_dracula-first-trailer-keanu-reeves-jenna-ortega.jpg "watch here new Dracula - First TrailerKeanu Reeves, Jenna Ortega. Do follow for watching next")
⏲ 1:25 👁 335K
_pirelli-superbike-championship-250-open-round-3-race-22017.jpg "Pirelli Superbike Championship 250 Open. Round 3 Race 2(2017)<br/>Sepang International Circuit Malaysia")
⏲ 32:8 👁 730K
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_inside-a-3646-million-renewable-energy-swindle.webp "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.")
_audi-a3-sportback-s-line-design-preview-in-green.webp "An extensive upgrade for a successful model: The car with which Audi established the premium compact class in 1996, the A3, is sportier, more comfortable, and more digital than ever, thanks to its more progressive design, significantly extended standard equipment, and new materials and offers. Apps that can be used directly in the vehicle display, selectable daytime running light signatures, and the ability to add vehicle functions on demand any time enable a high degree of customization. The A3 allstreet, the distinctive crossover of the A3 family, is new to the market. With its characteristic off-road look, three centimeters of extra ground clearance compared to the A3 Sportback, and a raised seat position, the vehicle offers an SUV like driving experience combined with high functionality.")
_not-gonna-happen-on-the-cbs-cop-drama-blue-bloods.webp "Watch the official \")
_zoe-garbett-disappointed92.webp "With two days to go till Londoners head to the polling stations Green mayoral candidate Zoe Garbett says she's been \")
_a-night-to-remember-sonali-bendre-shriya-pilgaonkar-amp-more-grace-broken-news-2-premiere.webp "Sonali Bendre, Shriya Pilgaonkar and other celebs shine at 'Broken News 2' screening, adding star power to the event.")
_49ers-select-renardo-green-with-no-64-pick-in-2024-nfl-draft.webp "49ers Select Renardo Green With No. 64 Pick in 2024 NFL Draft from bangla movie new green")
_shots-every-golfer-needs-to-know-around-the-green-and-how-to-play-them.webp "In this video, Neil Tappin is joined by PGA Professional Alex Elliott to talk through the 7 shots every golfers needs, and how to play them.")
_first-ministers-questions-thursday-april-26-2024.webp "First Ministers Questions - Thursday April 26 2024<br/>Humza Yousaf faces questions in the Scottish Parliament on the day he dissolved the Bute House Agreement with the Scottish Green Party")
_the-sky-is-the-limit-muaythai-fighting-twin-sisters-both-discover-wbc-glory-on-the-same-night.webp "A catchup with the twin sisters from a village in Wolverhampton in the West Midlands who have both become MuayThai WBC Champions.<br/><br/>We caught up with them to discuss the achievement and where they want to aim for, in the future.")
_bristol-jack-in-the-green-to-return-this-weekend.webp "Jack in the Green has been part of the May Day celebrations for over 200 years and is often associated with processions of chimney sweeps, for who the May Day was a special holiday.<br/><br/>He is an imposing nine feet tall figure who is hard to miss. He is vibrant and colourful and covered in greenery and flowers.<br/><br/>Jack’s attendants, completely disguised in green rags and vegetation, play music, dance and sing as Jack leads them through the streets to celebrate the coming of Summer. <br/><br/>At the end of the journey, Jack dies to release the spirit of Summer.<br/><br/>Jack will make an appearance in Bristol on May 4.<br/>")
_dracula-first-trailer-keanu-reeves-jenna-ortega.webp "watch here new Dracula - First TrailerKeanu Reeves, Jenna Ortega. Do follow for watching next")
_pirelli-superbike-championship-250-open-round-3-race-22017.webp "Pirelli Superbike Championship 250 Open. Round 3 Race 2(2017)<br/>Sepang International Circuit Malaysia")
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