Selena Gomez and Mom Sued for Allegedly Defrauding Investors as Business Fell Apart

Key Points:

• Investors allege Selena Gomez and her mother, Mandy Teefey, misled them into investing over $1 million in their mental health company, Wondermind Global, despite internal struggles and Mandy's alleged drug problem.
• The lawsuit claims Selena appeared heavily involved publicly but did little after investments were made, while former partner Daniella Pierson allegedly exaggerated her business successes and expected returns.
• For three years, the company reportedly collapsed without informing investors, who only learned of the issues following a September 2025 exposé by The Cut detailing mismanagement and financial troubles.
• Mandy Teefey denies substance abuse allegations and claims the company was not in disarray, accusing disgruntled employees of spreading falsehoods and criticizing media coverage.
• When confronted, Mandy reportedly shifted blame onto Daniella Pierson, who had already left the company, according to the investors' lawsuit.