Geordie Shore's Scott Timlin, also known as Scotty T, is set to appear in court next month.The 36 year old reality star is currently preparing to film the 25th series of the MTV show with his fellow cast members in Thailand, where they are expected to stay for three weeks.
However, Scott has been charged by the Financial Conduct Authority (FCA) over alleged unauthorised promotions of investments on social media and is due to appear at Westminster Magistrates Court.
He was among several celebrities involved, including Love Island stars Rebecca Gormley, Eva Zapico, Biggs Chris and Jamie Clayton, and Towie's Lauren Goodger and Yazmin Oukhellou.
The FCA claims that individuals named Emmanuel Nwanze and Holly Thompson used an Instagram account to advise on buying and selling investments called contracts for difference without permission between May 19, 2018, and April 13, 2021.These high-risk investment products are used to bet on the price of an asset, in this case, foreign currencies, according to the FCA.The Financial Conduct Authority (FCA) has accused Nwanze of paying seven reality TV celebrities to endorse the account - known as @holly_fxtrends - on their Instagram profiles, which boast millions of followers collectively.
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