Scots Love Island contestant amongst reality stars charged over financial investment posts

Former Love Island star Biggs Chris is among nine influencers who have reportedly been charged over plugging unauthorised investments on social media.

The Scottish reality star, from Glasgow, alongside his ex-partner Rebecca Gormley who also appeared on the ITV dating show, has allegedly been rapped by The Financial Conduct Authority (FCA) and will face court next month.

It comes as it was reported by the Mirror that influencers Emmanuel Nwanze and Holly Thompson allegedly used an Instagram account, @holly_fx trends, to provide advice on buying and selling contracts for difference (CFDs) which was unauthorised.

It claims CFDs were high-risk investments, with 80% of customers who invest in them losing money.

Biggs and Rebecca, alongside Towie's Lauren Goodger and Yazmin Oukhellou, Jamie Clayton, Eva Zapico and Geordie Shore's Scott Timlin have all reportedly been charged by the Watchdog for promoting it to their millions of followers online.

Nwanze, Thompson, Chris, Clayton, Goodger, Gormley, Oukhellou, Timlin and Zapico each allegedly face one count of issuing unauthorised communications of financial promotions.

Join the Daily Record's WhatsApp community here and get the latest news sent straight to your messages.

The publication also claimed Nwanze further 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.

The influencers reportedly face up to two years in prison if convicted. They will appear at Westminster Magistrates Court next month on June 13.

A representative for Biggs Chris has been contacted for comment on this story.

Get the latest celebrity gossip and telly news sent straight to your inbox. Sign up to our daily Showbiz newsletter here.