The celebrities, who include Lauren Goodger from The Only Way is Essex, Biggs Chris from Love Island, and Scott Timlin from Geordie Shore, have been accused of encouraging their Instagram followers to participate in an unapproved investment plan.
If found guilty, they could spend up to two years in prison.
The earliest date that Southwark Crown Court could accept the case is 2027, so that is when the trial has been scheduled.
payments, The stars were accused by the Financial Conduct Authority (FCA) of receiving payments to endorse a high-risk trading scheme on social media between 2018 and 2021.
The two people who are supposed to have headed the scam, Holly Thompson and Emmanuel Nwanze, appeared in court with the celebrities.
According to the FCA, Mr. Nwanze and Ms. Thompson operated an Instagram account that shared tips on purchasing and disposing of contracts for difference (CFDs) without the necessary authorization.
According to the regulator, these were high-risk investments that involved wagering on the value of foreign currencies.
According to the report, 80% of clients who fell for the scam—which was advertised using the account @holly_fxtrends—lost money.
