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Gomez Family Hit with Securities Fraud Suit Over Collapsed Wondermind Startup

1 min read
Source: Rolling Stone
Gomez Family Hit with Securities Fraud Suit Over Collapsed Wondermind Startup
Photo: Rolling Stone
TL;DR Summary

Investors are suing Selena Gomez, her mother Mandy Teefey, and Wondermind founder Daniella Pierson, alleging they raised about $1.2 million for the mental-health startup Wondermind with false promises about an app, advertising deals, and leadership, then let the company collapse without informing investors. The defendants face securities fraud, common law fraud, and breach-of-contract claims, with plaintiffs seeking rescission and damages.

Topics:entertainment#courts#investors#mandy-teefey#securities-fraud#selena-gomez#wondermind
Share this article
  1. Selena Gomez and Her Mother Accused of Defrauding Investors as Mental Health Startup 'Collapsed'  Rolling Stone
  2. Selena Gomez and her mental health startup accused of fraud  CNN
  3. Selena Gomez Sued For Allegedly Defrauding Investors With Mental Health Startup  Forbes
  4. Selena Gomez sued for fraud over mental health startup Wondermind  USA Today
  5. Selena Gomez Accused of Fraud by Mental-Health Startup Investors  Bloomberg.com

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