Rich Kids’ Brendan Fitzpatrick Sued Over Alleged $80 Million Scheme

Brendan Fitzpatrick Brushes Up on His Wedding Dance

Brendan Fitzpatrick is in the throes of a legal battle.

The Rich Kids of Beverly Hills alum and his mining company Carbonatik are currently contesting a lawsuit filed against them by Heavy Metal Capital Partners, with the latter LLC alleging it lost around $80 million in a “Ponzi-style scheme.”

In a lawsuit initially filed in November in Florida and viewed by E! News on June 17, Heavy Metal Capital alleges that Fitzpatrick and his company “engaged in a systematic scheme to obtain money from multiple victims through fraudulent misrepresentations, omissions, and deception.”

David Smith and Richard Sergeson of Heavy Metal Capital—who filed the lawsuit against Carbonatik as a company plus Fitzpatrick and his colleague Joseph Kamalesh Swaminathan as individuals—claim in the document that they were presented with a “fabricated” letter of intent in January 2025 that claimed Carbonatik had “‘hundreds of millions of dollars’” in clean energy projects to deploy, which caused the company “significant professional embarrassment.”

Elsewhere, Heavy Metal Capital alleges that one month later Carbonatik solicited a $500,000 investment from them, “promising a 120 percent dividend beginning in July 2025 and continuing for 20 years after.” The company alleged that Carbonatik had assured they had “already funded” production to make “immediate production” on their projects possible, which they later found to be “plainly false."

Last month, a jury trial was set for the filing for May 24, 2027. Carbonatik and Fitzpatrick, however, filed a motion to dismiss Heavy Metal Capital’s complaint “in its entirety” earlier this month in a document viewed by E! News.

Regarding Smith and Sergeson’s claims, Carbonatik’s motion to dismiss alleges that the pair "have not suffered any injury-in-fact.”

Carbonatik’s counterclaim also notes that while Heavy Metal Capital is citing “only” their payment of $500,000 in purported damages, “there are no allegations that Smith or Segerson paid any money to any defendant or otherwise suffered any cognizable damages.”

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In response, Heavy Metal Capital filed a motion for extension to file a second amended complaint June 4, which Carbonatik argued should be denied in a subsequent filing June 15

E! News has reached out to attorneys for Carbonatik and Heavy Metal Capital but has not yet heard back.

Despite the legal blip, Fitzpatrick has otherwise been sharing insight into life with wife of three years Chloe Fitzpatrick and their daughter, who was born in 2024. Last month, the former reality star shared a sweet update in honor of Mother’s Day writing in a May 10 Instagram post, “Happy Mother’s Day to the best mom! We love you !”

As for Fitzpatrick's ex Morgan Stewart—with whom his romance and eventual nuptials were depicted on Rich Kids—the 38-year-old has welcomed two kids of her own with husband Jordan McGraw.

While Fitzpatrick and Stewart fell in love during their time on Rich Kids, Stewart previously shared it was thinking about having kids that made her reconsider their romance.

“Ultimately, it was like we are not functioning as two people that are going to be able to bring children into the world, be together at 45, we just don't have that,” Stewart admitted to E! News in 2020, a year after she filed for divorce. “I now know this was the right choice. We are not meant to be partners.”

For a status check on more reality TV couples, keep reading…

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