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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 👁 7.7M

INQUIRER.net

Robin Padilla sees Quiboloy as hero and victim: ‘He fought the NPA’

⏲ 2 minutes 37 seconds 👁 19.6K

INQUIRER.net

LIVE: Interview with Senator Robin Padilla | March 14

⏲ 24 minutes 51 seconds 👁 42.1K

We meet members of the Robin Park Runners as they get ready for the Parkrun takeover at Haigh Woodland Park. The Wigan-based running club launches its first-ever takeover of the weekly 5km event on Saturday 27 April, all in the aim of attracting new members.

Robin Park Runners get ready for takeover event

⏲ 1:55 👁 14.5M

DemJosh Journey

Ang nakakagulat ng pahayag ni Robin Padilla!

⏲ 6 minutes 19 seconds 👁 6.7K

🔹ROBIN PADILLA IBINUKING ANG DAHILAN NG KALASINGAN NI DJ❗️MGA AĞAW EKSENA SA BDAY NI DANIEL!

⏲ 2 minutes 9 seconds 👁 1.8K

Lionel Messi and Thierry Henry make the cut, but no room for Andres Iniesta or Xavi in Cesc Fabregas' team

No Xavi or Iniesta? - Fabregas names his dream team-mate six-a-side

⏲ 0:19 👁 4M

INQUIRER.net

Trillanes to Robin Padilla: Grow up first, then you can talk to me

⏲ 41 seconds 👁 43.5K

Batas with Atty. Claire Castro

SEN. ROBIN PADILLA NA BUTA TA NG NTC TUNGKOL SA SMNI SUSPENSION|GINAWANG PRESSON ANG SENATE HEARING

⏲ 25 minutes 39 seconds 👁 44.9K

Get a glimpse of the action: Preview of Tracker Season 1 Episode 10, directed by Ken Olin. Featuring Justin Hartley, Mary McDonnel, and more in an electrifying cast. Watch Tracker Season 1 on Paramount+!<br/><br/>Tracker Cast:<br/><br/>Justin Hartley, Mary McDonnel, Robin Weigert, Abby McEnany, Eric Graise, Bob Exley and Fiona Rene<br/><br/>Stream Tracker Season 1 now on Paramount+!

Sneak Peek at the Upcoming Episode of CBS’ Tracker

⏲ 0:49 👁 3.4M

Politiko Live

Movie night! Angelu de Leon thanks Mariel, Robin Padilla

⏲ 1 minute 34 seconds 👁 25

jesnabs vlog

SMNI Repressntatives at the Senate Hearing with Chairman Sen. Robin Padilla

⏲ 38 minutes 45 seconds 👁 14.3K

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