14 Sep
2009
In a statement issued moments ago, Wells Fargo says it has fired an executive who had been under investigation for personal use of a bank-owned house in the exclusive Malibu Colony, California. 
Cheronda Guyton, a Wells Fargo senior vice president responsible for foreclosed commercial properties, spent weekends in the foreclosed $12-18 million beachfront home at 106 Malibu Colony hosting outrageous private parties. The 3,800 square-foot house was seized by the bank after its owners, Lawrence and Linda Elins, reportedly lost their fortune to Bernie Madoff‘s multi-billion-dollar Ponzi scheme.
Here’s an ABC7 news report on the scandal prior to Guyton’s dismissal:
Some photos of the Wells Fargo party palace:
|
|
|
|
MORE FROM DIGITAL CHEESEBURGER
- Lady Gaga Poses As Her Male Alter Ego
- Tony Yayo Explains 50 Cent Onstage 'Attack' In Brazil
- Miguel Hopes To Get On 'All I Want Is You' Partner J. Cole's Album
- Miguel Hopes To Get On 'All I Want Is You' Partner J. Cole's Album
- Carrie Underwood And Mike Fisher Marry In Georgia
- Lindsay Lohan's 'Machete' Castmates Wish Her Well
- Pete Wentz Explains Origin Of 'New Band' Black Cards
- Taylor Swift Flashed Back To High School For Best Female Video-Nominated 'Fifteen'
FROM AROUND THE WEB
- Refinancing my Mortgage and my Trip to Boston
- Prefab Wednesday - The Quik House By Adam Kalkin.
- How Should You Classify Your Corporate Blog?
- What To Write About on Your Corporate Blog
- Wells Fargo (NYSE:WFC) Offering Great Mortgage Refinance Rates
- Wells Fargo (NYSE:WFC), Others, Now Offering Payday Loans
- Wells Fargo Named Best Consumer Internet Bank in U.S. (NYSE: WFC)
You might also like
|
|
|
|
|
Make Comments
ABC, Current Events
Tags: 106 Malibu Colony, bank, Bernie Madoff, California, Cheronda Guyton, Lawrence and Linda Elins.Lawrence Elins, Linda Elins, Malibu, Malibu Colony, ponzi, Wells Fargo, Wells Fargo executive in Malibu Colony scandal, Wells Fargo Fires Exec Partying In Malibu House, Wells Fargo part pad
![[Valid RSS]](http://www.digitalcheeseburger.com/images/valid-rss.png "Validate my RSS feed")
Make comments