Selena Gomez is facing serious allegations involving Wondermind, the mental health company she helped launch with her mother, Mandy Teefey. Investors are suing Gomez, Teefey, and a former business partner, alleging they were convinced to invest more than $1 million based partly on Gomez's public involvement with the company.
The lawsuit alleges Wondermind was struggling behind the scenes and that Gomez was substantially less involved in the business than investors believed. The investors are alleging securities fraud and seeking to recover their money. The claims remain allegations and have not been proven in court.
Selena Gomez has not publicly responded to the allegations.
