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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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The Buzz
⏲ 8 minutes 34 seconds 👁 14.6K
Hangmen13
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One of the last remaining 'Pearly Kings' who was the inspiration behind Del Boy is fighting to keep the Cockney tradition alive - saying there are only around 12 left.<br/><br/>George Major, 86, who was crowned The Pearly King of Peckham more than 65 years ago, said there were once more than 400 like him.<br/><br/>But he says he is now only one of around a dozen left carrying the torch. <br/><br/>He still wears his original pearls with pride to welcome visitors six days a week at the world's only Cockney museum that he set up four years ago.<br/><br/>But he said the younger generation were shying away from the east end Victorian tradition - and it was now in grave danger of dying out for good.<br/><br/>And launching his new campaign to 'save the pearlies' he said it was vital more awareness of its history and meaning was passed down.<br/><br/>George grew up working on the market in the south-London suburb from the age of four and was such a major inspiration behind the classic sitcom Only Fools and Horses he was named “Del Boy the First”. <br/><br/>He recalls being followed at the time by the show's writer John Sullivan while he worked as a costermonger with 'Granddad Fred' and a 'lanky bloke' they called the 'plonker.'<br/><br/>The similarities don't end there - with multiple tales of his exploits being used on the show. <br/><br/>He famously once sold 'Cockney smog' - milk bottles filled with exhaust fumes - to American tourists - that's believed to be the inspiration behind the famous 'Peckham Spring' episode.<br/><br/>He was crowned the Pearly King of Peckham aged 20 - and has been collecting items ever since.<br/><br/>George now spends his days showing visitors around his museum near Epsom, Surrey, and taking his cheerful pearly way to groups, events and nursing homes - but said he was sad schools no longer invited him in for talks.<br/><br/>He said: “In 1930 there were around 400 genuine pearlies but now there are only about a dozen or so of us left.<br/><br/>“The museum helps to keep the Pearly tradition alive by teaching new generations about it.<br/><br/>\
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Vickers Tactical
⏲ 5 minutes 15 seconds 👁 229.4K
Combat Films and Research
⏲ 1 minute 7 seconds 👁 789.7K
China is developing reusable rockets to launch in 2025 and 2026. See the 'net' technology they will use to catch the booster when it returns to Earth in this animation. <br/><br/>Credit: Space.com | footage courtesy: China Central Television (CCTV) | edited by Steve Spaleta
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Mr. Emu Though
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Mrthehueso02
⏲ 8 minutes 57 seconds 👁 279
China's reusable Zhuque-3 rocket completed its first test flight. The launcher's stainless steel storage tank could potentially\
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Defence Review
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喋血战神
⏲ 1 hour 16 minutes 42 seconds 👁 10.3K
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