{
  "id": 1558737,
  "title": "Selena Gomez accused of fraud by mental-health startup investors",
  "url": "https://urgent.news/2026/08/14/selena-gomez-accused-of-fraud-by-mental-health-startup-investors-1558737",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T12:55:30.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/14/selena-gomez-wondermind-fraud/"
  },
  "original_language": "en",
  "account": "Five investors have accused Selena Gomez of fraud for allegedly failing to deliver on promises to leverage her celebrity and social media following to promote her mental health startup, Wondermind Global Inc. The lawsuit filed in Delaware federal court claims the startup, which sought a $95 million valuation in 2022, never developed the products or revenue it had promised despite raising $5 million in funding, including from tennis star Serena Williams's venture fund. According to the lawsuit, Gomez, who served as the company's \"chief impact officer\" and \"head of marketing,\" ignored her contractual obligations to the company due to her \"long-running personal struggles with her mother.\" The five investors allege the company misled them about its prospects, claiming it had secured institutional employer partnerships and started revenue-generating initiatives, when in reality, none of these were realized. The investors say they were kept in the dark about the company's financial and management issues, and Gomez failed to communicate with them despite the company's collapse. They are seeking to recover their $1.2 million investment.",
  "summary": "Five investors accuse Gomez and Wondermind co-founders of concealing the startup's financial distress for three years before its 2025 collapse",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}