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. The lawsuit alleges that McDevitt violated the Racketeer Influenced and Corrupt Organizations Act (RICO) when he attempted to fraudulently acquire control of Tessemae’s.
The lawsuit was filed in June 2020 in the United States District Court in Baltimore. Judge George L. Russell, III rejected a motion by McDevitt and his co-defendants to dismiss the fraud and racketeering claims on March 31, 2021. The remaining claims are RICO, fraud, breach of contract, breach of fiduciary duty, and negligence-legal malpractice.
According to the lawsuit, McDevitt and his firm Tandem Growth Partners provided legal services and investment advice to Tessemae’s in 2017 and became involved in its management. The lawsuit claims that McDevitt and his co-defendants manipulated Tessemae’s affairs, caused it to incur unnecessary debts, misrepresented its financial situation, and pressured it to sell its assets to them at a low price. Additionally, the lawsuit charges McDevitt with committing multiple acts of wire fraud by sending false emails and documents to investors and creditors of Tessemae’s.
Natural salad dressings and condiments are what Tessemae’s LLC produces. Tesse Vetter, who wanted her three athletic boys to eat their veggies and stay healthy, founded it. She perfected and created her own salad dressing recipe that was all-natural, which her family and friends loved.
With a motto of “Simplify Food, Amplify Life”, the company has expanded its distribution and product line around the world. As a proud partner of Dr. Axe Keto Diet, the company offers 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. Any wrongdoing is denied by McDevitt and his co-defendants, who maintain their innocence.
The lawsuit between McDevitt and his co-defendants and Tessemae’s LLC is one of this year’s most high-profile cases in Maryland. If you want to read more about Michael McDevitt and Lawsuit, go here. Allegations of breach of contract, breach of fiduciary duty, fraud, racketeering, negligence-legal malpractice, and RICO violations are involved in it. Federal crimes that target racketeering activity connected to an enterprise are RICO violations. Such as murder, kidnapping, drug dealing, bribery, mail and wire fraud, racketeering activity includes 35 offenses.
The person committed two of these offenses with the same enterprise within 10 years and that the acts affected interstate commerce must be proved by the prosecutor to convict someone of a RICO violation. In 1970, RICO was originally passed to prosecute the Mafia, but it has also been used for other crimes since then. RICO violations can be alleged for criminal charges or civil lawsuit cases.
By sending false emails and documents to Tessemae’s investors and creditors, Michael McDevitt and Defendents engaged in multiple acts of wire fraud, Tessemae’s LLC alleges. A crime that involves using electronic communication to obtain money or property by deception is wire fraud. One of the predicate offenses for RICO violations is wire fraud.