Selena Gomez denies fraud claims over Wondermind startup

Selena Gomez has denied allegations of fraud tied to Wondermind, the mental health startup she co-founded with her mother, Mandy Teefey, and former partner Daniella Pierson. Her lawyer, Mathew S. Rosengart, called the accusations "completely unfounded" and said he will file a motion to dismiss the lawsuit Source: ABC.es. The lawsuit, filed in a Delaware federal court, claims investors were misled about the company's finances and prospects.

The allegations

Five investors say they put $1.2 million into Wondermind in 2022, expecting Gomez's fame and social media reach to boost the company Source: Milenio. They allege they were promised an innovative app, advertising deals, and celebrity features that never materialized Source: Infobae. The company was reportedly valued at $95 million in 2022, with supposed partnerships with JPMorgan and Fidelity that "did not exist" Source: La Voz. Investors say they learned of the company's troubles only in 2025 through a The Cut article, after "three years, while the company was silently collapsing" Source: El Colombiano.

The defense

Rosengart stated: "The accusations that Selena Gomez participated in any way in an alleged 'fraud' or other wrongdoing are completely without merit, both factually and legally" Source: Clarin. He added that they will "vigorously defend these false accusations" and file a motion to dismiss Source: Infobae. Teefey has not publicly commented, while Pierson denies the claims and says she has documentation to prove her innocence Source: La Vanguardia.

What's next

The case is ongoing, with investors seeking return of their money and damages. The court will decide whether the motion to dismiss succeeds.