Selena Gomez is fighting back against a federal lawsuit alleging she defrauded investors in Wondermind, the mental health startup she co-founded with her mother.
In a motion filed in Delaware federal court on Wednesday, Gomez’s lawyers asked a judge to dismiss a lawsuit brought by investors of Wondermind, who allege they were misled into investing nearly $1.2 million in the 2021 start-up after being made false promises about the company’s leadership, resources, and infrastructure for years.
The lawsuit, filed for common-law fraud, breach of contract, and securities fraud, names Gomez, her mother, Mandy Teefey, and their former business partner, Daniella Pierson.
“The notion that Selena engaged in ‘fraud’ or any other wrongdoing is absurd — and in addition to filing our motion we are exploring other avenues of relief for Ms. Gomez including sanctions against plaintiffs for improperly…
THE TD BANK INSIDER “BRIBE-FOR-DATA” SCHEME (USA)
Date: February 17, 2026 Perpetrator: Edward Low (Former Bank Employee)
Case Description: In a high-profile case of “Insider Threat,” Edward Low, a former employee of TD Bank in New York, pleaded guilty in a New Jersey federal court to accepting bribes in exchange for confidential customer data. Between 2021 and 2022, Low leveraged his internal access to harvest the personal details of high-balance account holders. He then sold this “hot data” to external fraud syndicates for as little as $26,700 in personal kickbacks.
The external fraudsters used the information Low provided to conduct “Account Takeovers” (ATO), creating fraudulent checks and falsifying bank records to drain over $500,000 from unsuspecting customers. Low even went as far as helping co-conspirators open shell company accounts at a second financial institution where he was later employed. He now faces a maximum penalty of 30 years in prison. This case has sent shockwaves through the global banking sector, highlighting that even the most robust external firewalls cannot protect against a “rogue insider” with administrative credentials.
Link to Original: US Dept of Justice – TD Bank Insider Plea