Investors allege Wondermind deception in Selena Gomez‑led mental-health startup

1 min read
Source: Business Insider
Investors allege Wondermind deception in Selena Gomez‑led mental-health startup
Photo: Business Insider
TL;DR Summary

A federal lawsuit accuses Selena Gomez’s Wondermind and its cofounders of defrauding nearly $1.2 million by misrepresenting the company’s infrastructure, leadership, and revenue plans, including implying Gomez would lead marketing and that JPMorgan and Fidelity partnerships existed; the app allegedly never got built and key initiatives never materialized, prompting investors to seek the return of their funds or damages as Gomez and the cofounders deny wrongdoing.

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