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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.")
_rand-paul-lists-39ridiculous-stuff39-us-taxpayer-money-is-spent-on.webp "Forbes Breaking News")
_randy-paul-teaching-the-stop.webp "RCHTO")
_wwe-is-going-to-have-to-leave-some-really-big-names-off-the-wrestlemania-40-card.webp "We’re barely more than a month away from WrestleMania 40, and a lot of the matches are starting to come into focus. Only the four World Title contests have been officially announced at this point, but WWE is also being pretty obvious with some of the other puzzle pieces including Jimmy And Jey Uso, Awesome Truth and Judgment Day, AJ Styles and LA Knight and Logan Paul, Randy Orton and maybe KO. Gunther will also obviously get a prime spot on the card and will defend The Intercontinental Championship, though his opponent is less clear, and it’s been heavily rumored and hinted at on screen that we’re going to get Seth Rollins and Cody Rhodes vs The Rock and Roman Reigns in a tag match.<br/><br/>Altogether, it’s shaping up to be one of the most stacked and exciting cards in WrestleMania history, but it’s also presenting a really obvious numbers problem for WWE. If you only count the matches I referenced above, that’s 10 slots that are pretty close to locked in for ‘Mania. Last year, if you don’t count The Miz’s two unannounced comedy fights, there were 13 matches on the card. If you remove Vince McMahon’s unannounced match from WrestleMania 38, there were 15 matches that year. The year before that at WrestleMania 37, there were 14 matches. That range seems to be the sweet spot WWE likes, and given The Rock is involved this year and likely to get a significant amount of time, it’s hard to think Triple H and company are going to push for more than usual.")
_donald-trump-rand-paul-shouldnt-be-on-this-stage.webp "Bloomberg Originals")
_randy-orton-answers-who-is-the-wwe-goat.webp "IMPAULSIVE Clips")
_gwyneth-paltrow-says-mark-zuckerberg39s-viral-photoshopped-beard-image-reminds-her-of-chris-martin.webp "Weighing in on the photoshopped image of Mark Zuckerberg with facial fuzz that has spread like wildfire over the Internet, Gwyneth Paltrow has admitted the doctored snap reminds her of her Coldplay frontman “ex hub” Chris Martin.")
⏲ 1:45 👁 1.8M
_rand-paul-bombshell-revelations-will-bring-down-anthony-fauci.webp "The Hill")
_kevin-owens-and-randy-orton-hit-logan-paul-with-a-sneak-attack-smackdown-highlights-april-5-2024.webp "WWE")
⏲ 3 minutes 11 seconds 👁 289.5K
_dont-ever-change-on-the-new-episode-of-cbs39-fbi-international.webp "Experience the pulse-pounding intensity of FBI: International Season 3 Episode 10 with the clip \")
_just-in-rand-paul-brings-the-receipts-to-grill-samantha-power-about-gain-of-function-research.webp "Forbes Breaking News")
⏲ 7 minutes 21 seconds 👁 317K
_donald-trump-39rand-paul-should-not-be-on-this-stage-39.webp "CNN")
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