Wells Fargo probing Malibu mansion parties

The Los Angeles Times reported that a senior vice president responsible for foreclosed properties, identified as Cheronda Guyton, used the 12-million-dollar home during the summer after it was taken over by the bank.

The mansion had been turned over to the bank in May after its previous owners suffered massive losses in Madoff's multi-billion-dollar Ponzi scam.

The Times reported that local residents had seen Guyton spending several weekends at the property during the summer, including one evening when guests arrived for a party from an offshore yacht.

The Wells Fargo statement did not identify Guyton but warned that "decisive action" would be taken against any employee found to have breached policies which forbid personal use of properties held by the bank.

link:
http://www.alternet.org/rss/breaking_news/89542/wells_fargo_probing_malibu_mansion_parties/