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).
In June 2020, the lawsuit was brought to the United States District Court in Baltimore. On March 31, 2021, Judge George L. Russell, III denied a motion to dismiss the fraud and racketeering claims by McDevitt and his co-defendants. The surviving claims include RICO, negligence-legal malpractice, fraud, breach of fiduciary duty, and breach of contract.
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 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. 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. It was founded by Tesse Vetter, the mother of three athletic boys, who wanted them to eat their veggies while staying healthy. She created and perfected her own all-natural recipe for salad dressing, which became popular with her family and friends.
The company has grown its product line and distribution around the globe, with a motto of “Simplify Food, Amplify Life”. As a proud partner of Dr. Axe Keto Diet, the company offers many delicious products that are keto-approved. 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. Due to McDevitt’s alleged racketeering and fraud, Tessemae’s LLC hopes to recover the damages it suffered. McDevitt and his co-defendants deny any wrongdoing and 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. Federal crimes that target racketeering activity connected to an enterprise are RICO violations. 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 was originally passed in 1970 to prosecute the Mafia, but has since been used for other crimes as well. 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. Using electronic communication to obtain money or property by deception is a crime that is wire fraud. Wire fraud is a predicate offense for RICO violations. Find out more on Michael McDevitt and Racketeering charges here.