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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 👁 8.7M

Malone Financial

Best Savings Accounts For 2024 [Ireland]

⏲ 15 minutes 38 seconds 👁 4.9K

Bealtaine Cottage

My Cottage Garden. Update and Tour of 3 acres!

⏲ 19 minutes 14 seconds 👁 8K

A band of heavy rain to the east tracks across Northern Ireland, into northern England. western Scotland, Wales, and south west England. This pushes north eastwards through the day. Elsewhere remaining dry, with some brighter, clear spells to the south east.– This is the Met Office UK Weather forecast for the morning of 29/04/24. Bringing you today’s weather forecast is Marco Petagna.

Met Office Morning Weather Forecast 29\ 04\ 24 - Wet in the west

⏲ 1:35 👁 4.7M

The Lunch Club

How To Get Fully Funded Scholarship In Ireland in 2024( Scholarship in Ireland ) Study In Ireland

⏲ 13 minutes 👁 4.8K

Dream Abroad With Scholarship

ব্যাংকে টাকা নাই যেভাবে Bank Statement দেখাতে পারেন

⏲ 16 minutes 👁 38.2K

Athomugam 2024 Tamil Full Film Part 1 from the bank of ireland for intermediaries

Athomugam 2024 Tamil Full Film Part 1

⏲ 1:0:13 👁 14.5M

Business Insider

What Happens When King Charles III Dies? | Business Insider Explains

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Banijay Home and Garden

Caravan to Country Living - Build A New Life in the Country - S02 EP1 - Real Estate

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This is the Met Office UK Weather forecast for the week ahead 29/04/2024.<br/> <br/>As winds change direction this week, warmer air will arrived in many places. Not everywhere will be warm, however. And not everywhere will be dry and sunny... Bringing you this weekend’s weather forecast is Aidan McGivern.<br/> <br/>We are the Met Office, the UK’s national weather service, and every day of the week we bring you a morning weather forecast and an afternoon weather forecast so that wherever you are in the UK we have you covered.<br/> <br/>Forecast and any weather warnings are accurate at time of recording. To ensure you have the most up to date weather information, check the hourly forecast and live warnings on the Met Office website or app.<br/>

Week Ahead 29\ 04\ 2024 – Big contrasts across the UK – Met Office weather forecast UK

⏲ 6:47 👁 4.3M

DW News

Meet Chloe, the manager of Inis Oirr | Focus on Europe

⏲ 5 minutes 10 seconds 👁 9.3K

Doors close for final time at 88 Bank of Ireland branches

⏲ 2 minutes 3 seconds 👁 6.5K

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