The Nebraska Attorney General’s Office has sued a Nebraska social media influencer and the Florida company she worked with for so-called “passive income” schemes that he says misled Nebraska consumers and led to millions of dollars in lost savings.
The lawsuit against Elizabeth “Liz” Friesen, WiFi Money and others a part of the alleged scheme seeks to recover funds taken from Nebraska consumers and to put a stop to the deceptive and unfair business practices.
Attorney General Mike Hilgers said the influencers manufactured lavish lifestyles on Instagram in order to lure consumers into a stream of schemes “doomed to fail,” then divvied up the money among themselves despite the schemes’ total failures.
“These highly deceptive ‘passive income’ schemes will not be tolerated in Nebraska under my watch. Our Office will fight hard to get Nebraskans’ hard-earned money back and hold bad actors to account,” he said in a news release.
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