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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 👁 12M
Mechanical Power
OEM and Tier 1 in manufacturing of automotive components
⏲ 1 minute 12 seconds 👁 596
Newsthink
The Entire World Relies on a Machine Made by ONE Company
⏲ 6 minutes 35 seconds 👁 1.8M
Walmart Reverses Course, , Closes Down Its , Walmart Health Division.<br/>NBC reports that Walmart has announced <br/>it will close all 52 of the doctor-staffed <br/>health clinics the company operates.<br/>The announcement comes as <br/>part of the company's decision to<br/>shut down its Walmart Health Initiative.<br/>Clinics that will close down are located in <br/>Arkansas, Florida, Georgia, Illinois and Texas. .<br/>On April 30, the company also said it would <br/>begin winding down its virtual care service.<br/>The decision to end the Walmart Health Initiative <br/>will not reportedly impact Walmart <br/>pharmacies and vision centers.<br/>Walmart said that it will work to direct current patients <br/>to other providers covered by their insurance <br/>networks to ensure they continue to receive care.<br/>NBC reports that the news comes as a swift <br/>reversal of Walmart's plan to expand its number <br/>of doctor-staffed clinics to 70 by the end of 2024.<br/>Through our experience managing <br/>Walmart Health centers and <br/>Walmart Health Virtual Care, <br/>we determined there is <br/>not a sustainable business <br/>model for us to continue, Walmart statement, via NBC.<br/>Other nontraditional health care <br/>providers have also been forced to <br/>reconsider their plans in recent years. .<br/>Last month, Walgreens announced that it would <br/>close 140 of the company's primary care clinics, <br/>along with plans to shut down 20 more.
Walmart Reverses Course, Closes Down Its Walmart Health Division
⏲ 1:30 👁 34.8M
Park Place Technologies
TPM vs. OEM Maintenance and Support
⏲ 3 minutes 2 seconds 👁 141
Limble CMMS
What is OEM? Original Equipment Manufacturer Explained
⏲ 4 minutes 👁 3.3K
During a spacewalk outside the International Space Station, Russian cosmonaut Sergey Prokopyev jettisoned a 5-kilogram bundle of obsolete hardware into the vacuum of space.<br/><br/>Credit: NASA | mash mix by Space.com's Steve Spaleta
Cosmonaut Throws Away Obsolete Hardware Into Space During Spacewalk
⏲ 1:20 👁 2.1M
Leadius USA
This video talks to how to build your own OEM HP or Dell server that right and in the right order
⏲ 14 minutes 58 seconds 👁 273
Builders Hardware Manufacturers Association
How to Create An OEM Submission
⏲ 11 minutes 31 seconds 👁 141
Gov. JB Pritzker (D-IL) spoke at a memorial ceremony for Illinois police.<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/><br/>Stay Connected<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
Gov. JB Pritzker Delivers Remarks To Memorial Ceremony For Illinois Police Officers
⏲ 53:28 👁 245K
4.0 Solutions
What is MES? Manufacturing Execution Systems
⏲ 7 minutes 34 seconds 👁 57.8K
Allegion US
Intro to Door Hardware: The Company We Keep
⏲ 7 minutes 32 seconds 👁 1.6K
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