Social media influencers, including former Love Island and The Only Way is Essex stars, have been charged over plugging unauthorised investments. The Financial Conduct Authority has charged nine influencers in relation to an unauthorised foreign exchange trading scheme promoted on social media.
The watchdog also alleges that Nwanze paid Towie’s Lauren Goodger and Yazmin Oukhellou, Love Island’s Biggs Chris, Jamie Clayton, Rebecca Gormley, and Eva Zapico and Geordie Shore’s Scott Timlin to promote the account to their 4.5 million Instagram followers.
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