A federal lawsuit has been filed against Selena Gomez and her mother, accusing them of defrauding investors in their mental health startup, Wondermind.
Co-founded by Gomez, Mandy Teefey, and Daniella Pierson in 2021, Wondermind promotes mental fitness practices and tools.
Meanwhile, a fake video of Selena Gomez addressing the lawsuit has circulated online
The suit accuses Wondermind and its founders of falsely representing the company’s infrastructure, leadership and partnerships to investors and concealing the alleged fraud for more than three years.
The founders told investors they would build a Wondermind app, boasted advertising deals and secured celebrity cover stories, none of which came to fruition, the complaint says.
Investors poured nearly $1.2 million into Wondermind, but the trio falsely represented the company’s plans to make it profitable, the suit says.
It alleges that investors were kept in the dark until two bombshell media reports portrayed Wondermind as a company in utter disarray.
The suit was filed in federal court in Delaware by Wondermind SRS 44 LLC and Bespoke Wondermind SPV I LLC, limited liability companies that invested in the startup.
Representatives for Wondermind, Gomez and Teefey did not immediately respond to requests for comment Thursday.
Click HERE to read the full text of the complaint against Selena Gomez.
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