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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.")
_bigbank-tiktok-challenge-challenge.webp "Anastasia")
_big-bank-tiktok-challenge-124-bigbig-124-big-bank-challenge-bigbank-shorts.webp "Big bank SHORT")
_the-archers-village-kick-off-over-39swearing39-footballers-shattering-their-peace.webp "A real-life drama is brewing in the idyllic village which inspired The Archers in a row over \")
_big-bank-tiktok-challenge-124-bigbig-124-big-bank-challenge-bigbank-shorts.webp "Big bank SHORT")
_big-bank-tiktok-challenge-april-2024.webp "Amelia")
_tenby-sharks-get-ready-to-host-a-bank-holiday-boxing-extravaganza-the-first-of-its-kind-for-pembrokeshire.webp "A Bank Holiday boxing extravaganza - the first of its kind for Pembrokeshire is promised this May - as Tenby Sharks get to showcase the sport once again at the seaside town.<br/>The event held at Tenby Leisure Centre on Saturday, May 4 will feature a daytime afternoon of fun, learning and excitement for all the family; before the big fight night at the venue later that evening.<br/>“With the very first boxing festival of its kind here in West Wales We are hoping people come across and get involved,” said Tenby Sharks Boxing Club head coach Mark Davies.<br/>“This is a family friendly event, and the best part is that entry is free to the daytime festival! If you or your kids have any interest in boxing this is for you...no experience necessary.”<br/>The daytime festival which runs between 11am and 3pm is designed to showcase amateur boxing to the local community by encouraging people to attend and partake in a variety of fun and engaging masterclass seminars, fitness activities and sparring exhibitions.<br/>The event will also feature retail pop ups, a DJ set, along with the attendance of VIP guests, including award-winning boxing coach from Cardiff Tony Borg who enjoyed a successful amateur career that saw him fight and win in over one hundred bouts. <br/>Over 25 years later he is now a highly-respected coach with a stable-full of Welsh Champions at Newport ABC, including former IBF World Champion Lee Selby who will also be at the event.<br/>“Tony will be in attendance with professional boxers from his club to showcase a masterclass in training methods at the highest level. We are super excited to see him and his team in action,” continued Mark.<br/> “Although Lee has retired from professional boxing, he is now focused on building his own stable ofboxers and guiding Wales next generation of future champions. <br/>“His knowledge and experience are top notch, and great for all those budding world champions to absorb as he takes his masterclass.”<br/>Doors for the Fight Night open at 6.30pm, with bouts starting at 7.30pm.<br/>“To top it off our evening show is set to blow the roof off, with 15 bouts that show off some of the local talent from around Pembrokeshire as we look to take on clubs from all over Wales,” explained Mark.<br/>“Be sure to get out and get behind us as we represent, the club, the town, and Pembrokeshire itself.”<br/>Tickets are available from www.tkoevents.uk or by heading to Tenby Sharks Boxing Club page on Facebook.<br/><br/>©OWOW Media <br/>Film: Wayne Boucher<br/>Music: Alex Productions")
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_big-bank-tiktok-challenge-tiktok-mashup-2024-tiktok-bigbank-twerk.webp "Ras Diederich")
_bigbank-tiktok-challenge-challenge.webp "Anastasia")
_chainlink-powered-crypto-set-to-unite-all-blockchains-chainswap.webp "What's is ChainSwap? The Uniswap Killer using Chainlink's CCIP? Today we partnered with ChainSwap a decentralized cross-chain asset swap platform that enables the seamless transfer of assets between different blockchains.")
_tiktok-big-bank-challenge-big-bank-tiktok-challenge-2023slowed-bigbank-bigbanktiktok.webp "Big Bank Shorts Galaxy")
⏲ 14 seconds 👁 8.7K
_tiktok-big-bang-challenge-2023-tiktok-bigbanktiktok-omg-usa-australia-israel-shorts.webp "Big Bank Shorts Galaxy")
⏲ 6 seconds 👁 78.5K
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