Selena Gomez and Mom Accused of Defrauding Investors
Investors say Wondermind concealed financial trouble and unmet marketing promises after putting in nearly $1.2 million, according to the complaint.
- Pop superstar Selena Gomez faces a federal lawsuit in Delaware filed by investors claiming they were systematically misled over the management and stability of her mental health startup, Wondermind.
- Wondermind's pitch heavily leveraged Gomez's over 500 million social media followers, presenting her active role as head of marketing and chief impact officer as a foundational asset for the brand's growth.
- Investors who poured nearly $1.2 million into the venture accuse the team of securities fraud, claiming Gomez "purported to sign a contract obligating her to perform and then ignored it," leaving partnerships with JPMorgan and Fidelity unfulfilled.
- The Cut's September 2025 investigation exposed internal disputes and stalled projects, revealing the company struggled to meet financial obligations while laying off most staff before investors discovered the collapse.
- While the lawsuit accuses founders of "absolute silence" during the collapse, these claims remain untested in court, and Gomez has not publicly responded to requests for comment regarding the allegations.
24 Articles
24 Articles
Investing firms claim that they contributed more than $1.2 million to Wondermind under false promises, while the company collapsed secretly.
Selena Gomez denies allegations of securities fraud surrounding Wondermind, the mental health company she founded with her mother Mandy Teefey and entrepreneur Daniella Pierson. Two investors have sued the trio, alleging they were misled regarding the company's financial resources and leadership, among other things.
Selena Gomez’s Lawyer Slams ‘Completely Meritless’ Fraud Lawsuit, Plans to File Motion to Dismiss
Selena Gomez is firing back after the pop star and her mother, Mandy Teefey, were named in a fraud lawsuit. “The allegations that Selena Gomez engaged in any way whatsoever in any purported ‘fraud’ or other wrongdoing are completely meritless, both factually and legally,” Gomez’s lawyer Mathew S. Rosengart told Us in a Saturday, August […]
Selena Gomez sued for alleged fraud over mental health start-up
LOS ANGELES — Singer and actor Selena Gomez was sued on Thursday by investors who say the "Only Murders in the Building" star committed fraud by failing to fulfill duties to build and promote her mental health start-up.The plaintiffs invested nearly $1.2 million in Wondermind Global, which was launched in 2021 to help users strengthen their "mental fitness," according to the lawsuit filed in federal court in Delaware.Investors said they were tol…
Selena Gómez faces a lawsuit from two investors of her company Wondermind, which she founded in 2021 with her mother, Mandy Teefey. Wondermind is a startup that sought to be a space for dissemination about mental health through different channels of dissemination. What is Wondermind? Selena Gómez Wondermind’s mental health company was created by Selena Gómez with the aim of making content about mental health and disseminating it on various chann…
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