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_inside-a-3646-million-renewable-energy-swindle.jpg "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.")
⏲ 15:41 👁 11.2M
_the-fall-guy-director-david-leitch-and-producer-kelly-mccormick-discuss-the-film39s-stunt-work.jpg "<p>The Fall Guy was what dreams were made of, the film's director David Leitch and producer Kelly McCormick tell Yahoo UK as they share the extent of the work stunt performers were able to do on the epic action movie. </p><br/><p>The Fall Guy premieres in cinemas and IMAX on Friday, 2 May.</p>")
⏲ 1:33 👁 2.1M
_how-to-buy-a-small-business-with-no-money-down.jpg "Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<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.")
⏲ 5:14 👁 1.6M
_tradie-brawl-breaks-out-amid-union-strike.jpg "A brawl between tradies has broken out in Brisbane amid jobsite shutdowns by the construction union CFMEU. The CFMEU has shut down sites across the state amid negotiations over fairer wages and conditions.")
⏲ 1:0 👁 920K
_bbcs-clive-myrie-reacts-to-huw-edwards-resignation.jpg "<p>BBC’s Clive Myrie has responded to Huw Edwards’ resignation on Good Morning Britain.</p>")
⏲ 0:32 👁 18.7M
_woman-with-39paralysed-stomach39-hasn39t-eaten-for-eight-years.jpg "<p>Liv Rose has been struggling with stomach pain since she was a child and was eventually diagnosed with gastroparesis - when food passes through the stomach slower than it should.</p><br/><p>Credit: SWNS</p>")
⏲ 5:23 👁 2.5M
_lower-house-vows-to-strengthen-ph39s-cybersecurity-amid-cyber-attacks-hacking-vs-govt-sites.jpg "Lower House vows to strengthen PH's cybersecurity amid cyber attacks, hacking vs. gov’t sites <br/>")
⏲ 0:49 👁 1.4M
_paul-o39grady39s-husband-took-their-five-dogs-to-say-final-goodbye-to-star.jpg "<p>Paul O'Grady's husband took their five dogs to say their final goodbye to the late star.</p><br/><p>Credit: Loose Women / ITV / ITVX</p>")
⏲ 0:46 👁 1.4M
_billionaire-breaks-ground-on-the-u-s-39s-first-high-speed-rail.jpg "Wes Edens has broken ground on Brightline West, his $12 billion Las Vegas-to-SoCal railway, aided by billions from the Biden Administration. But building more high-speed lines like this one won’t be easy.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/04/23/in-las-vegas-a-billionaires-blueprint-for-building-bullet-trains/?sh=2baad0ba64ac<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.")
⏲ 4:32 👁 29.8M
_we-visit-the-bristol-1580-house-which-hosted-queen-elizabeth-i-in-1574.jpg "Located on Park Row, The Red Lodge Museum explores four centuries of history, from the \")
⏲ 0:45 👁 6.8M
_fcc-votes-to-restore-net-neutrality-rules-protecting-internet-equality.jpg "The FCC voted 3-2 to restore net neutrality rules, which prevent internet providers from favoring or blocking certain sites/apps. The rules ban practices like throttling, blocking, or reserving faster speeds for sites willing to pay more. Experts say state laws helped curb internet provider abuses even without the federal rules. Net neutrality requires providers to treat all internet traffic equally without incentives to favor partners. The FCC chair says broadband is now essential, not a luxury, necessitating the protections.")
⏲ 0:40 👁 2.9M
_meet-the-ai-entrepreneur-who-used-linkedin-to-raise-3613-8-million.jpg "Benjamin Harvey, the CEO of AI Squared, says he’s added investors including former TIAA CEO Roger Ferguson. Harvey joined Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the startup’s Series A raise.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jabariyoung/2024/04/17/meet-the-ai-entrepreneur-who-used-linkedin-to-raise-138-million/?sh=60958bea5837<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.")
⏲ 36:34 👁 5.7M
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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.")
_the-fall-guy-director-david-leitch-and-producer-kelly-mccormick-discuss-the-film39s-stunt-work.webp "<p>The Fall Guy was what dreams were made of, the film's director David Leitch and producer Kelly McCormick tell Yahoo UK as they share the extent of the work stunt performers were able to do on the epic action movie. </p><br/><p>The Fall Guy premieres in cinemas and IMAX on Friday, 2 May.</p>")
_how-to-buy-a-small-business-with-no-money-down.webp "Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<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.")
_tradie-brawl-breaks-out-amid-union-strike.webp "A brawl between tradies has broken out in Brisbane amid jobsite shutdowns by the construction union CFMEU. The CFMEU has shut down sites across the state amid negotiations over fairer wages and conditions.")
_bbcs-clive-myrie-reacts-to-huw-edwards-resignation.webp "<p>BBC’s Clive Myrie has responded to Huw Edwards’ resignation on Good Morning Britain.</p>")
_woman-with-39paralysed-stomach39-hasn39t-eaten-for-eight-years.webp "<p>Liv Rose has been struggling with stomach pain since she was a child and was eventually diagnosed with gastroparesis - when food passes through the stomach slower than it should.</p><br/><p>Credit: SWNS</p>")
_lower-house-vows-to-strengthen-ph39s-cybersecurity-amid-cyber-attacks-hacking-vs-govt-sites.webp "Lower House vows to strengthen PH's cybersecurity amid cyber attacks, hacking vs. gov’t sites <br/>")
_paul-o39grady39s-husband-took-their-five-dogs-to-say-final-goodbye-to-star.webp "<p>Paul O'Grady's husband took their five dogs to say their final goodbye to the late star.</p><br/><p>Credit: Loose Women / ITV / ITVX</p>")
_billionaire-breaks-ground-on-the-u-s-39s-first-high-speed-rail.webp "Wes Edens has broken ground on Brightline West, his $12 billion Las Vegas-to-SoCal railway, aided by billions from the Biden Administration. But building more high-speed lines like this one won’t be easy.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/alanohnsman/2024/04/23/in-las-vegas-a-billionaires-blueprint-for-building-bullet-trains/?sh=2baad0ba64ac<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.")
_we-visit-the-bristol-1580-house-which-hosted-queen-elizabeth-i-in-1574.webp "Located on Park Row, The Red Lodge Museum explores four centuries of history, from the \")
_fcc-votes-to-restore-net-neutrality-rules-protecting-internet-equality.webp "The FCC voted 3-2 to restore net neutrality rules, which prevent internet providers from favoring or blocking certain sites/apps. The rules ban practices like throttling, blocking, or reserving faster speeds for sites willing to pay more. Experts say state laws helped curb internet provider abuses even without the federal rules. Net neutrality requires providers to treat all internet traffic equally without incentives to favor partners. The FCC chair says broadband is now essential, not a luxury, necessitating the protections.")
_meet-the-ai-entrepreneur-who-used-linkedin-to-raise-3613-8-million.webp "Benjamin Harvey, the CEO of AI Squared, says he’s added investors including former TIAA CEO Roger Ferguson. Harvey joined Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the startup’s Series A raise.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jabariyoung/2024/04/17/meet-the-ai-entrepreneur-who-used-linkedin-to-raise-138-million/?sh=60958bea5837<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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