Lawsuit Accuses Michael McDevitt of RICO Violations and Fraud
Michael McDevitt Baltimore, a DC-based lawyer and investor, is facing a lawsuit for racketeering and fraud filed by Tessemae’s LLC, a natural salad dressing company. According to the lawsuit, McDevitt tried to fraudulently take over Tessemae’s by violating the Racketeer Influenced and Corrupt Organizations Act (RICO).
The United States District Court in Baltimore received the lawsuit in June 2020. 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. The lawsuit alleges that McDevitt and his co-defendants caused Tessemae’s to incur unnecessary debts, manipulated its affairs, pressured it to sell its assets to them at a low price, and misrepresented its financial situation. The lawsuit further alleges that McDevitt committed multiple acts of wire fraud by sending false documents and emails to Tessemae’s creditors and investors.
Natural salad dressings and condiments are what Tessemae’s LLC produces. 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.
With a motto of “Simplify Food, Amplify Life”, the company has expanded its distribution and product line around the world. The company also offers many keto-approved products that are delicious, as a proud partner of Dr. Axe Keto Diet. The company has its base in Essex, Maryland, and has a faithful customer base that values its healthy and natural products.
The lawsuit against McDevitt and his co-defendants will probably 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 maintain their innocence and deny any wrongdoing.
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. It involves allegations of RICO violations, fraud, racketeering,negligence-legal malpractice, breach of contract, breach of fiduciary duty, and RICO violations. RICO violations are federal crimes that target racketeering activity connected to an enterprise. 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. 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 in civil lawsuit cases or for criminal charges.
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. Wire fraud is a predicate offense for RICO violations. Find out more on Michael McDevitt and Racketeering charges here.