Tessemae’s LLC Sues Michael McDevitt for Fraud and Racketeering
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. 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. 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 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. The founder was Tesse Vetter, a mother of three athletic boys who wanted them to stay healthy and eat their veggies. 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 is also a proud partner of Dr. Axe Keto Diet, offering 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. Tessemae’s LLC hopes to recover the damages it suffered due to McDevitt’s alleged fraud and racketeering. McDevitt and his co-defendants deny any wrongdoing and maintain their innocence.
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. 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. 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 in civil lawsuit cases or for criminal charges.
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. Wire fraud is a crime that involves using electronic communication to obtain money or property by deception. Wire fraud is one of the predicate offenses for RICO violations.