Wells Fargo Fires Exec Who Squatted at Malibu Pad

Senior VP Cheronda Guyton used house that belonged to Madoff victims
By Will McCahill,  Newser Staff
Posted Sep 14, 2009 6:52 PM CDT
Malibu.   (Wikimedia Commons)
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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.