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.
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.
All nine individuals have been slapped with charges for promoting financial products without authorisation. Additionally, Nwanze is facing a charge for violating the General Prohibition under Section 19 of the Financial Services and Markets Act 2000, reports the Daily Star. The reality stars embroiled in the scandal are scheduled to make an appearance at Westminster Magistrates Court on June 13. Scotty T, famed for his stint on Geordie Shore from 2012 to 2019, is gearing up for his television return in the new series.