A Toms River woman convicted of using her job as a loan officer in Forked River as the gateway for a 15-million-dollar mortgage scam draws a three-and-a-half-year prison term.

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Nancy Wolf-Fels, 58 was sentenced along with two codefendants in a federal courtroom in Camden Tuesday, according to information from the office of New Jersey U.S. Attorney Paul Fishman.

Dwayne Onque, 47, of Belleville was sentenced to 63 months. His sister, Mashon Onque, 44, of East Orange, was given a 30-month term. All three were convicted of wire fraud conspiracy after a four-week trial. Dwayne Onque was also convicted of conspiracy to commit money laundering. They are also required to commit to supervised release for three years.

According to details filed in the case, the trio hunted for developers in financial trouble related to a glut of oceanfront condos, finding their targets in Wildwood Crest, North Wildwood, and Naples, Florida. After negotiating buyout figures, they inflated the sales prices, abetted by individuals who generated doctored contracts and finder's-fee agreements, authorities said.

As loan officer of the Lacey Township-based Mortgage Now in 2007 and half of 2008, Wolf-Fels acquired loans from several financial institutions on the merit of applications for six unqualified buyers, using bogus bank statements, pay stubs and retirement account data.

Dwayne Onque was a buyer in name only for five units in Middletown and Wildwood from late 2006 through mid-2007, authorities said, signing false applications and securing more than $2 million in mortgage money.

Mashon Onque, as a title agent at Tri-State Title Agency in Montclair in 2006 adn 2008, closed fraudulent mortgage deals organized by her brother and other conspirators, authorities said. Once the loans were approved, she attested to false settlement statements, averring that the borrowers had placed down payments.

Restitution will be determined at a separate hearing on July 9.

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