Selena Gomez and her legal team hit back after the star was accused of defrauding investors with mental health startup, Wondermind, in new statement to @PEOPLE:
βThe allegations that Selena Gomez engaged in any way whatsoever in any purported βfraudβ or other wrongdoing are completely meritless, both factually and legally. We will vigorously defend these false allegations and indeed are filing a motion to dismiss the baseless claims against her.β