Selena Gomez Named in Fraud Lawsuit Over Wondermind Startup

1 min read
Source: Yahoo Finance
Selena Gomez Named in Fraud Lawsuit Over Wondermind Startup
Photo: Yahoo Finance
TL;DR

Five investors have filed a Delaware federal lawsuit accusing Selena Gomez and Wondermind Global Inc. of fraud, alleging the mental‑health startup promised to leverage Gomez’s global following with a celebrity-backed app and other revenue initiatives that never materialized as the company collapsed; the suit cites a $95 million valuation, a $5 million 2022 funding round, and alleged misrepresentations about partnerships with JPMorgan Chase and Fidelity, with Gomez serving as chief impact officer while reportedly failing to deliver. Investors seek to recoup their investments.

Share this article

Want the full story? Read the original reporting

Read on Yahoo Finance