San Fernando Valley Residents Arrested in $17 Million Real Estate Scam

Five San Fernando Valley residents allegedly extorted more than $17 million from cash-strapped homeowners through a real estate scheme involving fraudulent deeds, according to federal authorities. Four of the defendants – Michael Henschel of Van Nuys, Camerino Islas of North Hollywood, Claudia Islas of Reseda and Juan Velasquez of Sylmar – were arrested on Friday