Investors sue Selena Gomez over failed Wondermind startup, alleging fraud
TL;DR
New York investors in Selena Gomez’s Wondermind are suing Gomez, her mother Mandy Teefey, and Daniella Pierson for securities fraud, common-law fraud, breach of contract and other claims, saying they invested about $1.2 million in 2022 expecting Gomez’s involvement and partnerships that never materialized, the app was never built, and Wondermind quietly collapsed; Pierson left the company in 2023 as the suit seeks to recover their investment and damages.
- Selena Gomez and her mental health startup accused of fraud CNN
- Selena Gomez Sued For Allegedly Defrauding Investors With Mental Health Startup forbes.com
- Selena Gomez Accused of Fraud by Mental-Health Startup Investors Bloomberg.com
- Investors sue Selena Gomez for alleged fraud over mental-health start-up Reuters
- Selena Gomez and Mom Sued for Allegedly Defrauding Investors as Business Fell Apart TMZ
Want the full story? Read the original reporting
Read on CNN