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Australians are reporting a record number of scams more than 1,500 every day causing enormous losses, especially for older people. Despite that authorities are hopeful system-wide changes are beginning to have a positive impact but victims and consumer groups say it's nowhere near enough.

Australians reported record number of scams, causing enormous losses

⏲ 1:56 👁 3M

SidsTips

Bitcoin Email Blackmail Ransom Scam And What To Do Next

⏲ 1 minute 3 seconds 👁 2.5K

ABC Action News

FBI warns of email scam blackmailing internet porn watchers

⏲ 1 minute 45 seconds 👁 15.6K

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.

Inside A $46 Million Renewable Energy Swindle

⏲ 15:41 👁 9.7M

Rob Braxman Tech

Sextortion Email Scam for Bitcoin Showing Password

⏲ 9 minutes 31 seconds 👁 21.2K

SidsTips

Bitcoin Email Blackmail Ransom Scam That You Should Be Aware OfAnd Ignore

⏲ 4 minutes 👁 32.3K

In light of the rising cost of living crisis, being sure you’re safe from scams is more important than ever and there are a few helpful steps to keep your money, data and private information secure.

Tips On Spotting A Scam And How To Get Your Money Back

⏲ 2:53 👁 2.3M

Governing Goliath

How to Survive a Sextortion Email Campaign: Hackers tried to blackmail me! Here's what I did...

⏲ 4 minutes 11 seconds 👁 41.5K

Jennifer Beeston

*NEW* Bitcoin Blackmail Email Scam.... They Have a Video of You On Webcam?! (Breaking News)

⏲ 5 minutes 3 seconds 👁 19.8K

A 16-year-old teenage girl is among 19 suspects arrested for alleged involvement in a fake investment scam based in the city centre in Johor Baru. <br/><br/>The suspects were allegedly working as call centre agents and were hauled in between 10.55am and 5pm on Thursday (April 25).<br/><br/>Their supervisor, a man in his 40s, was also arrested.<br/><br/> Read more at https://shorturl.at/hrwzG<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Teen among 19 busted in JB scam call centre raids

⏲ 6:12 👁 1.4M

Itsa Llama

Blackmail and Sextortion. Scammer Threatens to Send Pictures to Your Friends or Family - What to Do

⏲ 13 minutes 19 seconds 👁 41.9K

An0n Ali

SOCIAL MEDIA OSINT (private accounts)

⏲ 4 minutes 38 seconds 👁 413.7K

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