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_inside-a-3646-million-renewable-energy-swindle.jpg "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.")
⏲ 15:41 👁 12M
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KEScwomSwD3EOFmu1nKEfnl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.jpg "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
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_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg "The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.")
⏲ 1:29 👁 7.8M
_how-to-save-on-green-improvements-under-inflation-reduction-act.jpg "Tax credits for energy-efficient home improvements are extended and expanded by the Inflation Reduction Act.")
⏲ 2:28 👁 2M
_amit-shah-fake-video-row-revanth-reddy-says-pm-modi-using-delhi-police-to-win-elections-124-oneindia.jpg "Kalaburagi, Karnataka: On the fake video of Union Home Minister Amit Shah, Telangana CM Revanth Reddy says \")
⏲ 3:4 👁 3.4M
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KESydqmSwD_I1nH8_qyA0Hl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.jpg "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
⏲ 7:1 👁 30K
_trkiye-55-cities-held-rallies-on-labor-day.jpg "*Citizens commemorate International Workers’ Day<br/>*Commemorations began with tributes to the victims of the 1977 attacks against May 1st demonstration<br/>*Govt. deployed 42,000 police officers to ensure security throughout the day<br/>*Trade Unions call to fight inflation and reform tax system<br/>*Trade Unions also called for an immediate ceasefire in Gaza")
⏲ 5:15 👁 20K
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KESyOBQSwD_SaG3VlEzqKJF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.jpg "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
⏲ 7:1 👁 20K
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn3.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KESyQHmSwEQWOL_EPHIcfIP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.jpg "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
⏲ 7:1 👁 15K
_zhen-wu-dianfeng-s3-ep-45-137-the-peak-of-true-martial-arts-124-donghua-1080p.jpg "#yunzhi#yzdw<br/>Note: Season 2 hanya 52 episode (eps 93 dari total)<br/><br/>donghua,donghua sub indo,multisub,chinese animation,yzdw,donghua eng sub,multi sub,sub indo,The Peak of True Martial Arts season 3 episode 45 sub indo, Zhen Wu Dianfeng 137<br/><br/>")
⏲ 7:28 👁 505K
_non-filer-sims-blocked-by-fbr-124124-check-your-name.jpg "#theinfosite<br/>#fbr <br/>#filer <br/><br/>FBR finally took hard step and Blocked sims of almost 0.5 Million Non filers in all over Pakistan. <br/>The Federal Board of Revenue (FBR) Tuesday ordered that the Pakistan Telecommunication Authority and telecom operators block 506,671 SIM cards belonging to non-filers.<br/>An Income Tax General Order was issued to disable the SIM cards of persons \")
⏲ 1:33 👁 20K
_what-is-backdoor-roth-ira-how-it-works-and-advantages.jpg "A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?")
⏲ 4:6 👁 350K
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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.")
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KEScwomSwD3EOFmu1nKEfnl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.webp "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.")
_how-to-save-on-green-improvements-under-inflation-reduction-act.webp "Tax credits for energy-efficient home improvements are extended and expanded by the Inflation Reduction Act.")
_amit-shah-fake-video-row-revanth-reddy-says-pm-modi-using-delhi-police-to-win-elections-124-oneindia.webp "Kalaburagi, Karnataka: On the fake video of Union Home Minister Amit Shah, Telangana CM Revanth Reddy says \")
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KESydqmSwD_I1nH8_qyA0Hl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.webp "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
_trkiye-55-cities-held-rallies-on-labor-day.webp "*Citizens commemorate International Workers’ Day<br/>*Commemorations began with tributes to the victims of the 1977 attacks against May 1st demonstration<br/>*Govt. deployed 42,000 police officers to ensure security throughout the day<br/>*Trade Unions call to fight inflation and reform tax system<br/>*Trade Unions also called for an immediate ceasefire in Gaza")
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KESyOBQSwD_SaG3VlEzqKJF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.webp "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
![The Peak of True Martial Arts S.2 Ep.97 [137] English Sub](https://cdn3.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KESyQHmSwEQWOL_EPHIcfIP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-peak-of-true-martial-arts-s-2-ep-97-137-english-sub.webp "The Peak of True Martial Arts S.2 Ep.97 [137] English Sub")
_zhen-wu-dianfeng-s3-ep-45-137-the-peak-of-true-martial-arts-124-donghua-1080p.webp "#yunzhi#yzdw<br/>Note: Season 2 hanya 52 episode (eps 93 dari total)<br/><br/>donghua,donghua sub indo,multisub,chinese animation,yzdw,donghua eng sub,multi sub,sub indo,The Peak of True Martial Arts season 3 episode 45 sub indo, Zhen Wu Dianfeng 137<br/><br/>")
_non-filer-sims-blocked-by-fbr-124124-check-your-name.webp "#theinfosite<br/>#fbr <br/>#filer <br/><br/>FBR finally took hard step and Blocked sims of almost 0.5 Million Non filers in all over Pakistan. <br/>The Federal Board of Revenue (FBR) Tuesday ordered that the Pakistan Telecommunication Authority and telecom operators block 506,671 SIM cards belonging to non-filers.<br/>An Income Tax General Order was issued to disable the SIM cards of persons \")
_what-is-backdoor-roth-ira-how-it-works-and-advantages.webp "A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?")
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