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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.")
_top-10-trucking-companies-in-the-us-2023.webp "ET Transport")
_are-folding-mobile-phones-the-future-of-mobile-devices.webp "Foldable phones are supposed to be the next big thing with multiple companies vying for your pocket. Toms' Guide speaks with everyday people about what they think and ask MrMobile to break down the foldable pros and cons. Plus, Samsung, Google and Motorola weigh in on how they’re trying to take foldables mainstream with the Galaxy Z Fold 5, Pixel Fold and new Motorola Razr.")
_hmc350-3-5m3-self-loading-concrete-mixer-for-sale.webp "HAMAC Machinery LTD.")
_ajax-austria39s-oldest.webp "Anthony Dawson")
_worlds-fastest-porsche-hits-227mph.webp "For 15 years, BBI Autosport have been the experts in high-end, off-the-market tuning. But one of their most recent projects on a Porsche 911 GT2 RS seems to have stood out from the rest. Although this model is already Porsche’s most powerful car, BBI has expanded its capability even further by transforming one from a sleek sports car into a swift supercar. With specialist customisation, they pushed the car to reach speeds of 227mph, making it the fastest 911 in the world. Owner of BBI Betim Berisha told R.Rides: “We take this beautiful canvas that Porsche gives us and we tailor it to a client’s need or specific goal that we’re after. I don’t think we have ever built a car that made you actually feel this comfortable doing something so wrong. If I had to describe this Porsche in three words, I would say it’s visceral, raw and powerful.” Starting with the factory model, BBI upgraded the classic 911 with a custom engine, larger turbos and an advanced cooling system. Dmitriy Orlov, who works at the company said: “This car has bigger turbochargers, more intercooler, better calibration, a water-methanol injection system, better chassis to handle the high speed – and of course on Michelin tyres because they are just proven to be phenomenal at any speed and power level. There is also a lot of work on the interior. There are raised seats and harnesses to ensure that the car is safe.” To buy from the showroom, the Porsche 911 GT2 RS typically sells for around $350,000 – but with this level of modification, this car would cost closer to half a million dollars.")
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