Kevin O’Leary, North Dakota Wonder Fund CEO accused of fraud in investment lawsuit

A high-profile lawsuit is casting new scrutiny on North Dakota’s $45 million “Wonder Fund” and its ties to Shark Tank investor Kevin O’Leary. Filed in Colorado, the suit accuses O’Leary, his venture firm, and the state-managed fund of misleading investors and officials in connection with a troubled livestock tech startup called HerdDogg. The allegations suggest federal dollars meant to spur small business growth may have instead fueled misrepresentation and mismanagement — raising sharp questions about oversight, transparency, and North Dakota’s role in the deal. Grant Coursey with Bismarck Tribune has the full story.