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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.")
_gangs-of-godavari-teaser-124-vishwak-sen-124-krishna-chaitanya-124-yuvan-shankar-raja-124-s-naga-vamsi.webp "Sithara Entertainments")
⏲ 1 minute 18 seconds 👁 901.5K
_new-ott-telugu-movies-124-new-ott-movies-telugu-124-thriller-movies-in-telugu-124-suspense-thriller-movies.webp "FILMY HUNT")
New ott telugu movies | new ott movies telugu | thriller movies in telugu | Suspense thriller movies
⏲ 8 minutes 16 seconds 👁 3.9K
_was-drake-maye-the-right-pick-for-the-patriots.webp "CLNS Media's Taylor Kyles and Mike Kadlick dive deep into the New England Patriots' decision to select quarterback Drake Maye with the 3rd overall pick in the 2024 NFL Draft. In their analysis, they explore what this significant move means for the future of the franchise. They likely discuss the potential impact Maye could have on the team's offensive dynamics, how he fits into the Patriots' long-term planning, and the expectations set for him as a potential franchise quarterback. <br/><br/>Get in on the excitement with PrizePicks, America’s No. 1 Fantasy Sports App, where you can turn your hoops knowledge into serious cash. Download the app today and use code CLNS for a first deposit match up to $100! Pick more. Pick less. It’s that Easy!")
_manchu-vishnu-latest-trolls-124-manchu-lakshmi-trolls-124-telugu-trolls-124-latest-telugu-trolls-124-maa.webp "Brahmi Creator")
⏲ 4 minutes 25 seconds 👁 6.6K
_coolie-thalaivar171-title-teaser-telugu-124-superstar-rajinikanth-124-sun-pictures124-lokesh124-anirudh.webp "Gemini TV")
COOLIE - #Thalaivar171 Title Teaser (Telugu) | Superstar Rajinikanth | Sun Pictures| Lokesh| Anirudh
⏲ 3 minutes 16 seconds 👁 1.6M
_locked-on-rangers-podcast.webp "Locked On Rangers: Which starter moves to pen? Wyatt Langford concern, and Mariners offer AL West test.")
_music-shop-murthy-movie-teaser-4k-124-ajay-ghosh-124-chandini-chowdary-124-aamani-124-telugu-new-movies-2024.webp "Telugu Filmnagar")
Music Shop Murthy Movie Teaser 4K | Ajay Ghosh | Chandini Chowdary | Aamani | Telugu New Movies 2024
⏲ 1 minute 51 seconds 👁 119.1K
_krishna-mukunda-murari-promo-124-29th-apr-2024-124-star-maa-serials-124-mon-sat-at-8-30-pm-124-star-maa.webp "Star Maa")
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_dubai-plans-to-move-airport-to-new-facility-within-10-years.webp "Dubai plans to move airport to new facility within 10 years <br/>")
_mass-maharaja-ravi-teja-and-sampath-raj-best-action-drama-telugu-full-movie-124124-hansika-124124-cine-max.webp "Cine Max")
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_mirchi-telugu-full-movie-124-prabhas-anushka-shetty-richa-gangopadhyaysribalajimovies.webp "SriBalajiMovies")
⏲ 2 hours 39 minutes 48 seconds 👁 21.4M
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