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Selena Gomez and mother sued for securities fraud
Actress Selena Gomez and her mother have been sued over alleged fraud by investors in their startup Wondermind.
Selena Gomez and her mother, Mandy Teefey, were sued on Thursday in a federal court in connection with securities fraud. The lawsuit was filed by investors of Wondermind, a company founded by Gomez.
The investors accuse Gomez and Teefey of misleading them to secure funding for the business. They are alleged to have made promises about initiatives that were ultimately not fulfilled.
According to court documents reported by TMZ, these allegations have serious financial consequences for the investors.
The investors claim they were lured under false pretenses to invest significant amounts in Wondermind. They are seeking financial compensation for their losses.
The lawsuit also revealed that even employees of the company have not received their payments, further strengthening the allegations of deception.
It remains unclear how any potential legal proceedings will unfold or what specific responses Gomez and Teefey will have to these allegations.