"Lauren Goodger, 39, Yazmin Oukhellou, 31, Rebecca Gormley, 27, Biggs Chris, 33, Jamie Clayton, 34, Scott Timlin, and Eva Zapico, 27, have all admitted breaking the law when acting as so-called finfluencers. They urged their Instagram followers to sign up to an account offering FX trading tips, Southwark Crown Court heard, despite having no qualifications or authorisation from the Financial Conduct Authority (FCA)."
"The FCA launched the landmark criminal prosecution against the reality stars in summer 2024, accusing them of making social media posts that plugged FX trading signals while unregulated. Love Island star Zapico pleaded guilty in October 2024, and another two Love Island cast members, Gormley and Chris, admitted the charges against them in 2025. In January this year, The Only Way Is Essex star Goodger appeared in court to also plead guilty and face sentencing."
Seven reality stars and influencers pleaded guilty to illegally promoting foreign exchange (FX) trading on Instagram while lacking FCA authorisation or relevant qualifications. The defendants encouraged followers to sign up to an account offering FX trading tips and signals. The FCA launched a criminal prosecution in summer 2024 alleging unregulated promotion of FX trading. Love Island's Eva Zapico pleaded guilty in October 2024, and Rebecca Gormley and Biggs Chris admitted charges in 2025. Lauren Goodger pleaded guilty in January and was reported to have been paid 2,275 for four promotional posts while having more than 750,000 Instagram followers. Reporting restrictions on the guilty pleas and sentences were lifted because of public interest.
Read at www.independent.co.uk
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