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TUESDAY, NOVEMBER 24, 2009
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11

Wells Fargo Fires Exec Who Squatted at Malibu Pad

Senior VP Cheronda Guyton used house that belonged to Madoff victims

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(Newser) – 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.

Malibu.
Malibu.   (Wikimedia Commons)
Malibu.
Malibu.   (AP Photo)
Malibu.
Malibu.   (Wikimedia Commons)
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11 comments
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youngblood
Sep 14, 09 7:02 PM CDT
Now without a job maybe she'll not be able to keep up her mortgage and be kicked out of her house and then see how it feels!!! Karma Baby!! Reply
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+12
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Robert_Dada
Sep 14, 09 8:45 PM CDT
It's a nice thought but I doubt that will happen. At that level, she'll find another position quickly or start a consulting company and make even more. Disgusting, isn't it?
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+5
Jayster999
Sep 14, 09 7:42 PM CDT
Tsk. Reply
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+1
plstyle
Sep 14, 09 8:32 PM CDT
Its really not surprising that this Senior VP thought he could get away with this, thats what upper management is about in the banking industry, bottom feeding caca roaches; they screw us already anyway they can, who says this is off limits? Reply
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0
Observer
Sep 14, 09 8:50 PM CDT
What an arrogant opportunistic bitch. Only in CA would this happen. Reply
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Wells Fargo • Ponzi scheme • Malibu Colony • bank fraud • executives • squatting • Bernard Madoff • Cheronda Guyton

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