Five people have been charged in connection with an alleged scheme to secure millions of dollars in mortgage loans and luxury apartment leases using fraudulent applications and forged financial documents.
The individuals indicted on one count of conspiracy to commit wire and bank fraud are Sniders Jean-Jacques, 38, of Miami; German Olivo, 41, of Weston, Florida; Jim Kelly Michel, 50, of Delray Beach, Florida; Tanya Pierre, 28, of Miami; and Rosalie Clement-Jackson, 55, of Sunrise, Florida. Jean-Jacques and Pierre were arrested and appeared in federal court in Miami. Olivo, Michel, and Clement-Jackson were arrested and appeared in federal court in Fort Lauderdale. The defendants are expected to appear later in federal court in Boston.
According to charging documents, Jean-Jacques ran a tax preparation and credit repair business with offices in Boston and Miami. Prosecutors allege that the defendants worked together to prepare fake paystubs and forged bank statements for clients with poor credit who needed mortgage loans or apartment rentals. They also allegedly obtained “tradelines” by adding these clients—referred to as Fraudulent Applicants—to the credit accounts of people with strong credit histories to artificially increase their credit scores. Additionally, it is claimed that other people’s identities were used to conceal the applicants’ savings and credit history from lenders and landlords.
Authorities allege that Kelly Michel provided both tradelines and victim Social Security numbers for use by the Fraudulent Applicants. Olivo is accused of altering bank statements to show inflated balances matching the fake paystubs provided by Jean-Jacques. Pierre reportedly served as Jean-Jacques’s assistant and allowed her identity to be used for renting apartments on behalf of Fraudulent Applicants to hide their true identities from landlords. Clement-Jackson is said to have acted as a mortgage broker who referred clients needing fake documents to Jean-Jacques.
Prosecutors allege that between May 2018 and June 2025 the group applied for more than $6.7 million in mortgage loans—successfully obtaining over $3.7 million—and secured dozens of apartment rentals through these methods.
Jean-Jacques and Pierre face additional charges related to an alleged conspiracy involving fraudulent applications for Paycheck Protection Program loans.
“The charge of wire and bank fraud conspiracy provides for a sentence of up to 30 years in prison, five years of supervised release and a fine of $1 million or twice the gross gain or loss from the scheme, whichever is greater,” according to prosecutors. “Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.”
United States Attorney Leah B. Foley announced the charges along with officials from several agencies including Internal Revenue Service Criminal Investigation (Boston Field Office), Small Business Administration Office of Inspector General (Eastern Region), U.S. Secret Service (Boston Field Office), Federal Housing Finance Agency Office of Inspector General, and Department of Housing and Urban Development Office of Inspector General.
Assistant U.S. Attorney Kristen Kearney is prosecuting the case.
Prosecutors emphasized that “the details contained in the charging document are allegations. The defendants are presumed to be innocent unless and until proven guilty beyond a reasonable doubt in the court of law.”