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Lawsuit Accuses Michael McDevitt of RICO Violations 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 claims that McDevitt engaged in RICO violations when he schemed to acquire control of Tessemae’s fraudulently.
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 surviving claims include RICO, negligence-legal malpractice, fraud, breach of fiduciary duty, and breach of contract.
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 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. 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.
The company makes natural salad dressings and condiments and is called Tessemae’s LLC. The founder was Tesse Vetter, a mother of three athletic boys who wanted them to stay healthy and eat their veggies. She created and perfected her own all-natural recipe for salad dressing, which became popular with her family and friends.
The company’s product line and distribution have grown around the globe, with a motto of “Simplify Food, Amplify Life”. 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 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.
Mike McDevitt and Tessemae’s lawsuit is one of the most high-profile cases in Maryland this year. 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 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 was originally passed in 1970 to prosecute the Mafia, but has since been used for other crimes as well. 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. A crime that involves using electronic communication to obtain money or property by deception is wire fraud. Wire fraud is one of the predicate offenses for RICO violations.