A federal lawsuit has been filed against Selena Gomez and her mother, Mandy Teefey, accusing them of fraud related to their mental health startup, Wondermind. The company, co-founded in November 2021, focuses on mental fitness practices and tools. The lawsuit alleges that the founders made false representations to investors about the company's infrastructure, leadership, and partnerships.

It is claimed that investors were misled about the company's plans, including the development of a Wondermind app and advertising deals. Further details about the lawsuit are available from the source, including the amount invested in Wondermind and the specific allegations made against the founders.