Smart Ideas: Revisited
Apr 21, 2023 // By:aebi // No Comment
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 lawsuit was filed in June 2020 in the United States District Court in Baltimore. 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. RICO, fraud, breach of fiduciary duty, breach of contract, and negligence-legal malpractice are the surviving claims.
The lawsuit states that Michael McDevitt and Tandem Legal Group became involved in the management of Tessemae’s in 2017 after providing legal services and investment advice. 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. Tesse Vetter, who wanted her three athletic boys to eat their veggies and stay healthy, founded it. Her family and friends enjoyed her own all-natural recipe for salad dressing, which she created and perfected.
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. Based in Essex, Maryland, the company has a customer base that is loyal and 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.
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. 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 has been used for other crimes as well since it was originally passed in 1970 to prosecute the Mafia. For criminal charges or civil lawsuit cases, RICO violations can be alleged.
Tessemae’s LLC alleges that McDevitt and his co-defendants engaged in multiple acts of wire fraud by sending false emails and documents to Tessemae’s investors and creditors. Using electronic communication to obtain money or property by deception is a crime that is wire fraud. One of the predicate offenses for RICO violations is wire fraud.