Leah B. Foley United States Attorney for the District of Massachusetts | Department of Justice
Five people have been indicted for their alleged roles in a scheme to obtain millions of dollars in mortgage loans and luxury apartment leases through fraudulent applications and forged financial documents.
The individuals charged with 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. All defendants are expected to appear in federal court in Boston at a later date.
According to charging documents, Jean-Jacques operated a tax preparation and credit repair business with offices in Boston and Miami. Prosecutors allege that the group helped clients with poor credit—referred to as "Fraudulent Applicants"—by preparing fake paystubs and forging bank statements. They allegedly arranged for these applicants to be added as authorized users on accounts belonging to people with strong credit histories (a process known as obtaining “tradelines”) to boost the applicants’ credit scores. The scheme also reportedly involved using other people's identities to conceal the true financial status of the applicants from lenders and landlords.
Kelly Michel is accused of providing tradelines and victim Social Security numbers for use by fraudulent applicants. Olivo allegedly altered bank statements so they would reflect balances matching fabricated paystubs provided by Jean-Jacques. Pierre is said to have worked as Jean-Jacques’s assistant and allowed her identity to be used for renting apartments on behalf of fraudulent applicants. Clement-Jackson allegedly acted as a mortgage broker who referred clients seeking false documentation to Jean-Jacques.
Prosecutors claim that between May 2018 and June 2025 the defendants applied for more than $6.7 million in mortgage loans—and obtained over $3.7 million—as well as dozens of apartment rentals using these methods.
Jean-Jacques and Pierre face additional charges related to an alleged conspiracy involving Paycheck Protection Program loan fraud.
“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. Sentencing will be determined by a federal district court judge based on U.S. Sentencing Guidelines.
United States Attorney Leah B. Foley announced the charges along with officials from IRS Criminal Investigation’s Boston Field Office; Small Business Administration Office of Inspector General; U.S. Secret Service Boston Field Office; Federal Housing Finance Agency Office of Inspector General; Department of Housing and Urban Development Office of Inspector General; with Assistant U.S. Attorney Kristen Kearney prosecuting the case.
Authorities emphasize that “the details contained in the charging document are allegations” and that all defendants are presumed innocent until proven guilty beyond a reasonable doubt.
