Reality stars including Love Island's Eva Zapico, TOWIE's Lauren Goodger and Geordie Shore's Scott Timlin have appeared in court today charged with being paid to promote risky investments on Instagram.
Nwanze also faces one count of breaching a general prohibition under the Financial Services and Markets Act 2000, which prohibits people from carrying out regulated activities in the UK unless they are authorised to do so. Timlin pleaded not guilty to one count of unauthorised communications of financial promotions. Nwanze also pleaded not guilty to the same charge, as well as one count of breaching the General Prohibition.
And the watchdog alleges Nwanze then paid Chris, Clayton, Goodger, Rebecca Gormley, Oukhellou, Timlin and Zapico to promote the Instagram account to their millions of followers. Nwanze has been charged with running an unauthorised investment scheme and issuing unauthorised financial promotions. which is also punishable by a fine and a jail sentence of up to two years.
In the memorable season two finale, she dumped Wright and pushed him into a swimming pool. The pair had been dating since they were 15-years-old. Also facing charges from the Financial Conduct Authority are Biggs Chris and Rebecca Gormley, seen together here at the BEDSA Awards at the Hilton on Park Lane in March 2020
Eva Zapico, pictured attending a performance of the musical Dreamgirls at the New Wimbledon Theatre in May 2022, has also come under the City watchdog's scrutiny