NEWS
Breaking News: Billionaire Selena Gomez’s mom took out a loan against her home to pay employees at singer’s mental health startup…see more
Selena Gomez’s mom, Mandy Teefey, reportedly took out a loan against her home to help pay workers employed at the billionaire’s mental health startup, Wondermind.
Teefey, the company’s CEO, found herself in a crisis when the business allegedly started running out of funds to pay its estimated 15 employees, not including vendors and freelancers, in March, farbes reported Sunday.
According to the outlet, workers have been compensated for one out of two missed paychecks, and freelancers and vendors are still waiting to be paid “hundreds of thousands.”
Wondermind told Forbes that the company has “rectified” the issue, and the rest of the payments will be submitted on Monday.
In March, emails observed by Forbes revealed that Teefy notified Wondermind staff that their health care company was terminating employee health benefits.
“We apologize for the email on a wellness day,” the email read, per Forbes. “As you are aware, we have been working tirelessly to secure our next round of funding.”
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