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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 👁 3.9M

Franklin Women

Chapter 9: How To Create a New Wikipedia Page

⏲ 5 minutes 44 seconds 👁 2.1K

Lynn D. Jung

☀️ fantasy worldbuilding 101 - pt. 1: the absolute basics

⏲ 19 minutes 25 seconds 👁 39.4K

Led Zeppelin's Jimmy Page on the story behind the Led Zeppelin Remasters.

Led Zeppelin: Jimmy Page On Making The Led Zeppelin Remasters - Part 1 | Louder

⏲ 5:5 👁 10.6M

Klein Artist Works

Paul Klein on How to Succeed as an Artist

⏲ 39 minutes 13 seconds 👁 403.6K

Louisiana Channel

Paul Auster Interview: How I Became a Writer

⏲ 17 minutes 31 seconds 👁 88.2K

Highlights from Archon 37, St. Louis, Missouri, October 4-6, 2013 nVideo features Costume Players Cosplayers, Artists, Publishers, Vendors, and more.nnArchon is a multigenre convention held annually in Collinsville, Illinois and is hosted by St. Louis Science Fiction, Ltd. It is the largest convention of its type in the St. Louis, Missouri area, bringing a few thousand fans of science fiction, fantasy and horror each year. (description from Wikipedia.org)nnConsider giving a Tip. Your Tip Jar sup

Archon 37 Sci-Fi Fantasy Convention 2013 Featuring Artists Cosplayers Publishers and more

⏲ 3 min 8 sec ✓ 19-Oct-2013

The Right Note

I edited Rappers Wikipedia Pages to make them slightly shorter

⏲ 7 minutes 55 seconds 👁 227.5K

Contemporary Art Issue

How To Write A Professional Artist Biography (with ChatGPT + Industry-Approved Rules)

⏲ 13 minutes 57 seconds 👁 5.6K

The Pontiff travelled to Venice to see the Holy See’s pavilion for this year’s Venice Biennale. It’s a first for a pope, and has given the 60th edition of the world’s longest running international art exhibit reason.

Pope greets artists and inmates at Venice Biennale

⏲ 1:8 👁 3.2M

Tapakapa

Wikipedia - The Greatest Collection of Human Knowledge

⏲ 3 minutes 59 seconds 👁 109.1K

Alyssa Matesic

Worst Genres for Traditional Publishing

⏲ 14 minutes 50 seconds 👁 17K

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