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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 👁 8.6M

Redline Reviews

The 2024 BMW 530i xDrive Is A Well Executed Turbo Hybrid Sport Luxury Sedan

⏲ 25 minutes 48 seconds 👁 41.8K

TheTopher

2024 BMW 530i xDrive Sedan - POV First Impressions

⏲ 27 minutes 59 seconds 👁 68.4K

The new BMW Vision Neue Klasse X Interior Design

⏲ 2:33 👁 7.5M

Car Confections

2021 BMW 5-SeriesREFRESHED with a BIG Dose of 7-Series!

⏲ 22 minutes 42 seconds 👁 70.5K

Hawkeye Rides

2024 BMW 530i xDrive Sedan has the Updates made it BETTER :All Specs & Test Drive

⏲ 16 minutes 19 seconds 👁 2.9K

The BMW X2 is the car that first introduced the vehicle concept of a Sports Activity Coupé (SAC) for the premium compact segment. And now the even more distinctive, even sportier and even more forward-looking second generation is taking to the stage. Significantly larger dimensions and a pronounced coupé silhouette clearly showcase in its exterior design the development leap taken by the new BMW X2. The progressive character of the new model is also evident in the fully electric BMW iX2 variant, as well as in a large spread of systems enabling automated driving and parking, and in the innovative digital services laid on by the new BMW iDrive with QuickSelect and BMW Operating System 9.

The new BMW X2 M35i xDrive Exterior Design

⏲ 1:37 👁 4.3M

703Speed

2024 BMW 530i xDrive - The ALL NEW 5 Series!

⏲ 37 minutes 40 seconds 👁 9.9K

Hawkeye Rides

2023 BMW 530i Review Is this the Better 5-Series

⏲ 13 minutes 31 seconds 👁 8.2K

German carmaker BMW on April 26 announced an additional investment of 20 billion yuan (US$2.81bil) in its production base in China's Shenyang city.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

BMW to further invest US$2.8bil in China production base

⏲ 1:22 👁 2.9M

MotorWeek

2024 BMW 5 Series | MotorWeek Quick Spin

⏲ 2 minutes 52 seconds 👁 9.7K

Boston Auto Blog

2024 BMW 530i (G60) Review - Did BMW Go Too Far With The New 5 Series?

⏲ 29 minutes 20 seconds 👁 24.8K

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