Reality TV Stars Charged Over Promotion of Unauthorised Investment Scheme

Nine influencers, including Geordie Shore and Love Island alumni, face court for allegedly promoting high-risk financial products without proper authorization.

The Financial Conduct Authority (FCA) has charged nine reality TV stars for promoting an unauthorised foreign exchange trading scheme on Instagram.
Defendants include Scott Timlin, Eva Zapico, Yazmin Oukhellou, Lauren Goodger, Biggs Chris, Jamie Clayton, and Rebecca Gormley.
The scheme involved contracts for difference (CFDs), which are high-risk investments with a high likelihood of customer losses.
Emmanuel Nwanze and Holly Thompson are accused of running the scheme and paying the influencers to promote it.
A trial preparation hearing is set for July 11, with all defendants granted unconditional bail until then.