In this case, the picture is "speaking" lies.
https://www.flickr.com/photos/apfriedman/4395166906 It was taken in 2010 at Fisher college, well before MMM blew up. As far as "ERed" there is nothing in the question that Loomis read to suggest anything about the person's financial state. Even the person's age is conjecture-Loomis called the person a Millenial based on a picture...although not the one included in the article.
TL:DR The world is a lie, so don't believe everything you see on the internet.