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KING 5 Seattle
KING 5 Seattle
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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.")
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_woman-pays-off-her-3680k-student-loan-with-depop-and-ebay.webp "Credit: SWNS / Kelsey Mikula<br/><br/>A woman paid off her $80k student loan in THREE YEARS by buying and reselling clothes on eBay and Depop.<br/><br/>Kelsey Mikula, 26, started buying and reselling clothes in 2020 when she struggled to find a job coming out of university.<br/><br/>During this time, Kelsey would do shifts as a unit secretary in a hospital and sell clothes as a side hustle.<br/><br/>Kelsey buys clothes from charity shops like Salvation Army, Goodwill and local thrift stores, then sells them on sites like eBay and Depop.<br/><br/>After graduating, Kelsey started paying off her $80k student loan debt in April 2020 which she successfully paid off by March 2023.")
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_hilarious-footage-shows-runaway-rhea-causing-havoc-in-quiet-village.webp "Hilarious footage shows a runaway rhea causing havoc for drivers as it sprinted through a sleepy village.<br/><br/>The large flightless South American bird escaped from a farm near Repton, Derbys., on Sunday (28/4) afternoon. <br/><br/>The rhea, which can reach speeds of up to 40mph, was spotted by window cleaner Robert Jay when it leapt in front of his car on Main Street.<br/><br/>Robert, 46, and his wife Melanie, 43, were on their way home from doing a food shop when they filmed the bird.<br/><br/>Dad-of-three Robert said: “At first I thought it was an ostrich. It jumped out in front of us from our customer's garden, luckily we were going slow enough. <br/><br/>“We were coming back from shopping and thankfully we were going slow enough. <br/><br/>\")
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_the-snipe-got-stronger.webp "Human Boy YesYes")
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