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Negative ROI
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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the Hairless Bald Eagle, Jeff Hare, and the charming and available voice of reason Kacey V.
How do ordinary people steal extraordinary amounts of money from big companies?
Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW.
This week’s episode Negative ROI. The Rhino Onward International (ROI) scandal involves a $46 million renewable energy swindle centered around false promises in the green hydrogen industry. Launched in 2022, ROI, led by Paul Croft and J.D. Frost, claimed it would build a green hydrogen plant worth $530 million. They attracted $31 million from over 200 investors, many of whom were their accounting and tax advisory clients, believing in the legitimacy of their venture.
Hence the title Negative ROI and one could say Frost froze those investors assets.
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