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Selena Gomez and mother sued for alleged investor fraud
🇲🇽 Mexico /Crime & Justice

Selena Gomez and mother sued for alleged investor fraud

From El Universal · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Selena Gomez and her mother, Mandy Teefey, are being sued by investors of their mental health company, Wondermind, for alleged fraud.
  • Investors claim they contributed $1 million based on promises of growth and the founders' public image, but the company allegedly had internal crises that were not disclosed.
  • The lawsuit also accuses co-founder Daniella Pierson of exaggerating her achievements and alleges Teefey engaged in substance abuse, which she denies.

Selena Gomez and her mother, Mandy Teefey, are facing a lawsuit from investors in their mental health company, Wondermind, over alleged fraud and mismanagement. Two investment firms, Wondermind SRS 44 LLC and Bespoke Wondermind LLC, claim they contributed $1 million to the company founded in 2021 with Daniella Pierson, believing in its growth prospects and the public image of its founders.

Wondermind SRS 44 LLC and Bespoke Wondermind LLC accuse Wondermind Global, Gomez, Teefey and Pierson of securities fraud.

— TMZReporting on the specific accusations made in the lawsuit.

The investors allege that Gomez and Teefey made misleading statements about the company's resources, which were crucial in securing their investment. However, they claim that after the capital was secured, the involvement of both Gomez and Teefey became negligible. The lawsuit also targets Pierson for allegedly exaggerating her business accomplishments and the projected profits of Wondermind.

They made contributions of $1 million trusting the promises about the company's growth and the public image of its founders.

— TMZDetailing the basis of the investors' claims.

According to the legal filing, the company experienced internal crises for years that were never disclosed to investors. These issues reportedly came to light in September 2025 through a report by "The Cut," which described Wondermind as disorganized and struggling to pay employees and suppliers, citing alleged management problems.

Once they obtained the capital, the participation of both was nil.

— TMZDescribing the alleged lack of involvement from Gomez and Teefey after investment.

Furthermore, the plaintiffs accuse Teefey of substance abuse, a claim she has vehemently denied. Both investment firms are seeking to recover their initial investment and additional compensation for damages, though the exact amount remains undisclosed. Gomez has not yet publicly commented on the lawsuit, which is currently ongoing.

The magazine described the company as an organization in disarray, with difficulties in meeting payments to employees and suppliers.

— TMZReferencing a report that detailed the company's internal struggles.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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