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 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. RICO, fraud, breach of fiduciary duty, breach of contract, and negligence-legal malpractice are the surviving claims.
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. 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.
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 created and perfected her own all-natural recipe for salad dressing, which became popular with her family and friends.
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 is based in Essex, Maryland, and has a loyal customer base that 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 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. Racketeering activity connected to an enterprise is targeted by RICO violations, which are federal crimes. Racketeering activity includes 35 offenses, such as murder, kidnapping, drug dealing, bribery, mail and wire fraud.
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 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.
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