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…
Be wary of “too good to be true” investment opportunities found on Facebook or Telegram that promise guaranteed returns, as these are almost always Ponzi or “Pig Butchering” schemes.