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Inside A $46 Million Renewable Energy Swindle
⏲ 15:41 👁 11.4M
Western Alliance Denies Report About Possible Sale
⏲ 2 minutes 48 seconds 👁 2.9K
Is your money safe at a regional bank? Here's what you need to know
⏲ 2 minutes 56 seconds 👁 358
What RICH PEOPLE Know About 401k’s That YOU DON’T 🚨
⏲ 47 seconds 👁 2.4M
✅3 Ways To Order Western Alliance Bank Replacement Checks 🔴
⏲ 4 minutes 21 seconds 👁 15
Simplify Retirement With These ETFs! 🌴
⏲ 12 minutes 57 seconds 👁 1.2K
Why Roth Investments Are Better Than Traditional
⏲ 6 minutes 23 seconds 👁 161.9K
#1 BEST Bank Accounts 2024 (High Yield Savings and Checking)
⏲ 22 minutes 19 seconds 👁 33.1K
Chicago drafts Caleb Williams, Rome Odunze & Denver drafts Bo Nix | Joel Klatt Show
⏲ 7 minutes 52 seconds 👁 4.7K
UPDAT3!! 2023 Top Savings Accounts: High Interest and Great Benefits
⏲ 15 minutes 32 seconds 👁 21.1K
HOW I USED MY SOCIAL SECURITY ACCOUNT TO PAY BILLS
⏲ 14 minutes 58 seconds 👁 86.1K
Working in government...
⏲ 4 minutes 30 seconds 👁 22.1K
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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.")
_western-alliance-denies-report-about-possible-sale.webp "Bloomberg Television")
_is-your-money-safe-at-a-regional-bank-here39s-what-you-need-to-know.webp "AZFamily | Arizona News")
_what-rich-people-know-about-401ks-that-you-dont.webp "7 Figure Squad")
_3-ways-to-order-western-alliance-bank-replacement-checks.webp "The Stuff I Use Channel")
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