Rick Fitzgerald (nonfiction)
Rick Fitzgerald is a former Goldman Sachs executive and retired county official.
Legal action
Rick Fitzgerald, a former Goldman Sachs executive and retired county official, is suing to demand accountability from Wall Street — and to get back the money that he says the banks used wrongful means to obtain from the Central Florida Expressway Authority. He is partnering with prominent Wall Street critic and trial attorney Brad Miller, a former five-term Democratic congressman from North Carolina who sat on the financial services committee.
According to the lawsuit, the banks failed to fully disclose the risks the rate swaps to the highway authority.
“The information that [the banks] provided the [highway] Authority were sales pitches intended to induce the Authority to enter the synthetic fixed-rate financings, not to inform the Authority of the magnitude of the risks of the transactions,” the complaint says.
- When A Swap Becomes A Swipe (10 February 2022) - A new lawsuit challenges an interest-rate scheme that critics say helped Wall Street loot communities across America.