As reported in the Los Angeles Times today, Cheronda Guyton , a senior vice president with Wells Fargo , who is responsible for foreclosed commercial properties, has been reported to be living in a $12 million Malibu beach-front estate which had been foreclosed on by the bank. Not only has she been accussed of spending long weekends there, she has also been reported to have thrown lavish summer parties.
The previous owners had lost the property due to having been victimized by Bernard Madolff. Wells Fargo has stated that they plan to investigate the matter.
Picture of Malibu Beach front property foreclosed by Wells ( Home is in center of photo with flat white roof )
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