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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

MDTechVideos

How To Create Desktop Shortcuts In Windows 11

⏲ 2 minutes 47 seconds 👁 81.5K

JayzTwoCents

When the PC comes in a crate, you know it's gonna be good!

⏲ 24 minutes 👁 355.8K

Mark Harmon may have departed NCIS three years ago, but Leroy Jethro Gibbs’ story lives on… well, at least in the past. The upcoming prequel show NCIS: Origins will chronicle Gibbs joining the law enforcement agency in 1991, with Austin Stowell playing the younger version of the character. We also recently learned that Kyle Schmid will play the younger Mike Franks, who’s leading the ragtag team that Gibbs is on. Now it’s been revealed who’s playing Origins’ third returning NCIS character, and it’s an actor who’s already appeared in the franchise.

'NCIS: Origins' Just Cast Its Third Returning Character With An Actor Who's Already Appeared In The Franchise

⏲ 1:6 👁 600K

Image Game

Rediscovering Lost Legends: 22 Forgotten Real-Time Strategy Games

⏲ 15 minutes 26 seconds 👁 100.2K

HelpCloud

Turn Website Desktop Shortcut Icons into Custom Website Images (works on ALL Windows OS)

⏲ 11 minutes 13 seconds 👁 51.1K

Simba, having become king of the Pride Lands, is determined for his cub to follow in his paw prints while the origins of his late father Mufasa are explored.

Mufasa: The Lion King Teaser Trailer #1 (2024) Seth Rogen Movie HD

⏲ 1:32 👁 13.6M

Britec09

How to Make Desktop Shortcuts in Windows 10

⏲ 5 minutes 55 seconds 👁 141.6K

Spanning Tree

Minimax: How Computers Play Games

⏲ 14 minutes 37 seconds 👁 92.8K

Pop-Tarts is calling out Jerry Seinfeld ahead of the release of his new movie 'Unfrosted.' Seinfeld directed and co-wrote the film, which he also stars in, about the fictional origin story of Pop-Tarts. The actor and filmmaker has said of the movie, \

Jerry Seinfeld Brings Back 'Seinfeld' Characters in Promo for His Pop-Tarts Movie | THR News Video

⏲ 1:55 👁 14.5M

Purplers

Minecraft's Most Important Mod Is In DANGER

⏲ 8 minutes 12 seconds 👁 603.6K

Leila Gharani

Windows 11 Introduces Game Changing Feature (which will probably convince many to upgrade)

⏲ 6 minutes 10 seconds 👁 222.1K

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