The singer and actor vows to fight a $1.2 million lawsuit by Wondermind investors who claim she ‘falsely represented' her involvement in the wellness venture. Her lawyer calls the allegations ‘completely meritless.'
What investors say went wrong at Selena Gomez's mental health startup Wondermind Business InsiderLawsuit Accuses Selena Gomez of Defrauding Investors in Mental Health Site The New York TimesSelena Gomez's Attorney Fires Back at Wondermind Lawsuit: "Completely Meritless" The Hollywood ReporterSelena Gomez and her mental health startup accused of fraud CNNSelen
Betterment says more than half of Gen-Z investors redirected investment dollars toward sports betting. Research suggests betting is crowding out brokerage investing.
The actor, singer and beauty mogul founded Wondermind, a mental health platform, with her mother. Investors put in more than $1 million in the venture, which "quietly collapsed," the suit said.
