Michael McDevitt Faces Lawsuit for Racketeering and Fraud
A natural salad dressing company, Tessemae’s LLC, has filed a lawsuit against Michael McDevitt, an investor and lawyer from DC, accusing him of racketeering and fraud. According to the lawsuit, McDevitt tried to fraudulently take over Tessemae’s by violating the Racketeer Influenced and Corrupt Organizations Act (RICO).
The lawsuit was filed in June 2020 in the United States District Court in Baltimore. A motion to dismiss the fraud and racketeering claims by McDevitt and his co-defendants was denied by Judge George L. Russell, III on March 31, 2021. The remaining claims are RICO, fraud, breach of contract, breach of fiduciary duty, and negligence-legal malpractice.
The lawsuit alleges that after providing investment advice and legal services to Tessemae’s in 2017, McDevitt and his firm Tandem Growth Partners got involved in its management. According to the lawsuit, McDevitt and his co-defendants pressured Tessemae’s to sell its assets to them at a low price, misrepresented its financial situation, caused it to incur unnecessary debts, and manipulated its affairs. The lawsuit also accuses McDevitt of engaging in multiple acts of wire fraud by sending false emails and documents to Tessemae’s investors and creditors.
Tessemae’s LLC is a company that produces natural salad dressings and condiments. It was founded by Tesse Vetter, the mother of three athletic boys, who wanted them to eat their veggies while staying healthy. She perfected and created her own salad dressing recipe that was all-natural, which her family and friends loved.
The company’s product line and distribution have grown around the globe, with a motto of “Simplify Food, Amplify Life”. The company is also a proud partner of Dr. Axe Keto Diet, offering many delicious products that are keto-approved. Based in Essex, Maryland, the company has a customer base that is loyal and appreciates its natural and healthy products.
The lawsuit against McDevitt and his co-defendants is expected to go to trial later this year or early next year. Tessemae’s LLC hopes to recover the damages it suffered due to McDevitt’s alleged fraud and racketeering. McDevitt and his co-defendants deny any wrongdoing and maintain their innocence.
One of the most high-profile cases in Maryland this year is the lawsuit between Mike McDevitt and Tessemae and his co-defendants. Find out more about Mike McDevitt and Lawsuit. Allegations of breach of contract, breach of fiduciary duty, fraud, racketeering, negligence-legal malpractice, and RICO violations are involved in it. RICO violations are federal crimes that target racketeering activity connected to an enterprise. 35 offenses are included in racketeering activity, such as murder, kidnapping, drug dealing, bribery, mail and wire fraud. Here is more info on Michael McDevitt and Fraud charges.
The prosecutor must prove that the person committed two of these offenses with the same enterprise within 10 years and that the acts affected interstate commerce to convict someone of a RICO violation. RICO has been used for other crimes as well since it was originally passed in 1970 to prosecute the Mafia. RICO violations can be alleged for criminal charges or civil lawsuit cases.
Tessemae’s LLC alleges that false emails and documents were sent by McDevitt and his co-defendants to Tessemae’s investors and creditors, engaging in multiple acts of wire fraud. Wire fraud is a crime that involves using electronic communication to obtain money or property by deception. One of the predicate offenses for RICO violations is wire fraud.