Investors sue Selena Gomez, Wondermind founders over alleged securities fraud

Investors in Wondermind Global sued Selena Gomez, her mother and the company's co-founder in Delaware federal court, alleging securities fraud and saying the mental health startup failed to deliver on promises used to raise nearly $1.2 million. The plaintiffs say Gomez, who was presented as an active participant and served as chief impact officer and head of marketing, did not fulfill obligations to help build and promote the business, including development of a mobile app, partnerships and other initiatives. The complaint says the 2021 startup, marketed as a way to improve users' "mental fitness," misrepresented its prospects, including claimed employer partnerships and revenue initiatives, while its finances deteriorated. Plaintiffs say they did not learn the extent of the problems until a September 2025 article in The Cut and are seeking their money back.

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