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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.
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老挝媳妇中国老公
⏲ 7 minutes 16 seconds 👁 7K
Black Opal Direct
⏲ 20 minutes 32 seconds 👁 2.2K
Roseburn Path: The battle over whether an old Edinburgh rail line should become a tram route<br/><br/>Campaign formed to save “nature network” in public consultation that also includes Orchard Brae corridor option<br/><br/>It must be one of Scotland’s most genteel cycle paths, peppered with signs asking riders to dip their lights and be mindful of walkers.<br/><br/>The Roseburn Path in the west of Edinburgh is part of a web of off-road routes through the capital which were created from former railway lines closed 60 years ago.<br/><br/>But the prospect of the iron road returning in the form of a tram line has ignited a campaign to save what supporters cherish as a “nature network”, which is adorned this month with lush vegetation, birdsong and the scent of wild garlic.<br/><br/>The City of Edinburgh Council is to seek views on whether a planned new north-south tram route between Granton and the Royal Infirmary of Edinburgh and beyond should use the path or run along Orchard Brae to the east instead.<br/><br/>Council officials recommended the Roseburn option in February, but councillors decided to take a neutral stance pending the results of a public consultation later this year. The council stressed a path would be retained beside the tram line, but opponents questioned whether that would be either feasible, or attractive to users.<br/><br/>Backers of the Roseburn option argued that it will enable trams to run past the Western General, the city’s other major hospital, with reduced journey times by avoiding congested traffic corridors.<br/><br/>The route also has legislative approval from the Scottish Parliament in 2006 as part of a circular tram line, the northern half of which between Roseburn and Newhaven was later shelved. However, the Save the Roseburn Path campaign, which was formed to fight the new plans, described them as “complete nonsense”.
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TheQuartering
⏲ 11 minutes 38 seconds 👁 7K
Lý Phúc Bình
⏲ 59 minutes 14 seconds 👁 17.3K
<p>A Gravesend mum has issued an invitation to Rishi Sunak, saying he should come to her home and help give mental health support</a> to her struggling 18-year-old.</p><p>It comes after the Prime Minister said he wants to tackle what he described as the UK's \
⏲ 22:18 👁 6.2M
Flounder69
⏲ 2 minutes 17 seconds 👁 622.3K
Sung A Pao
⏲ 50 minutes 36 seconds 👁 63.6K
Progress underway to transformation the defunct Debenhams store in Palmerston Road into new flats and shops.<br/>
⏲ 0:31 👁 4.6M
Andrew Klavan
⏲ 24 seconds 👁 6.7K
Viidith22
⏲ 4 hours 44 minutes 4 seconds 👁 34.7K
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