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Wells Fargo Fires Exec Who Squatted at Malibu Pad

Washington : DC : USA | 2 months ago  
Views: 97
  • Wells Fargo Fires Exec Who Squatted at Malibu Pad
    Wells Fargo Fires Exec Who Squatted at Malibu Pad
    Posted by: RaulDeSouza
    Wells Fargo Fires Exec Who Squatted at Malibu Pad
Wells Fargo Fires Exec Who Squatted at Malibu Pad

Wells Fargo said today it has fired the executive who turned a seized California beachfront mansion into a personal playground, the Los Angeles Times reports. Neighbors say they saw Cheronda Guyton staying in the $12 million Malibu Colony property, which had been turned over to the bank by a couple who’d been victims of the Bernard Madoff Ponzi scheme and needed the money to pay off other debts.

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  • News Source: The Guardian | 2 months ago
    For an executive at the US bank Wells Fargo , a repossessed $12m beach house in southern California proved just too tempting. The financial institution has fired a top loans officer for using a luxurious Malibu property for a series of family...
  • News Source: International Business Times | 2 months ago
    Wells Fargo & Co has fired a senior vice president after investigating reports she held lavish parties at a foreclosed beachfront Malibu house owned by the bank. The fourth-largest U.S. bank said in a statement on Monday that it had terminated one...
  • News Source: CNN | 2 months ago
    What happens if you use one of your bank's foreclosed properties -- particularly one in swanky Malibu beach -- for your own parties?...On Monday, Wells Fargo & Co. said it terminated an employee for misconduct at a bank-owned property in one of...
  • News Source: Miami Herald | 2 months ago
    Exec. moved into bank-owned beach home A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to...
  • News Source: Los Angeles Times | 2 months ago
    The Times reported last week that Cheronda Guyton, a Wells Fargo senior vice president, had been seen using the beachfront home by neighbors after the bank acquired it from the former owners, Lawrence and Linda Elins. A real estate agent for the...
  • News Source: International Business Times | 2 months ago
    Reports that a Wells Fargo & Co executive used a bank-owned, beachfront Malibu home as her own private party pad reignited outrage over unbridled excesses at firms that received U.S. bailouts. Some neighbors in the super-exclusive Southern...
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