Selena Gomez accused of fraud by investors over mental health startup
The pop star and her mother are accused of allegedly deceiving investors of their mental health startup and falsely representing the company's 'infrastructure and leadership.'
Investors are accusing Selena Gomez and her mother Mandy Teefey of fraud for their role in the collapse of Selena Gomez's mental health startup, Wondermind. According to legal documents obtained by Global News, the founders allegedly misled investors about the company's infrastructure, leadership, and resources, as well as its financial performance and future plans.
The lawsuit claims that Gomez and Teefey failed to properly fund and promote the startup, and that they misrepresented their involvement and the company's status to investors. The investors allege that they put $1.2 million into Wondermind, and that they are now seeking damages, rescission of their investments, and other legal remedies.
Written by urgent.news from Global News's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Selena Gomez & Her Mental Health Startup Hit With Investor Fraud Lawsuit: ‘Financial Calamity’ billboard.com
- Selena Gomez faces fraud allegations over mental health startup gulfnews.com
- Selena Gomez sued for alleged fraud over mental health company myjoyonline.com
- Selena Gomez sued for alleged fraud over mental health company adomonline.com
- Investors sue Selena Gomez alleging fraud tied to her mental health startup techcrunch.com
- Selena Gomez accused of fraud by investors in her mental health start-up theage.com.au
- Selena Gomez accused of fraud by investors in her mental health start-up smh.com.au
- Investors sue Selena Gomez for alleged fraud over mental health startup cbc.ca
