Wells Fargo fires executive accused of using seized Malibu home

Source: The Los Angeles Times

Wells Fargo & Co. said it fired an employee who had been accused of using a bank-owned home in the exclusive Malibu Colony for personal use.

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 Elins said the couple had been devastated by losses in the Bernard Madoff Ponzi scheme, and had been forced to sign over the property to Wells Fargo to help satisfy a larger debt.

Guyton, who was responsible for commercial foreclosed properties for Wells Fargo, could not be reached for comment.

Read more: http://www.latimes.com/business/la-fi-malibu-wells15-2009sep15,0,3886240.story

Republicons would give this clown a Standing O, and then want to know if he had hot sex with a thong-wearing debutante, so they could groove on the idea.

mess can be cured ,unchecked greed.Now if they could see buying Exotic Investments with our money as being like Squatting in a house you kicked the owner out of ,We'd have a real live chance.

What a dummy. She'll never work in the financial industry again.

Give me a break. :eyes:

If they had waited until after she filed her 2009 taxes, she could probably have been gotten on a tax rap for failing to report the equivalent rental value on her income taxes.

the only surprise is that a whole lot more of this hasn't come to light.