Losing your home to foreclosure is bad enough, but to lose it because you were a victim of Bernie Madoff’s Ponzi scheme and then to learn a top bank executive is allegedly using it as a party house?
Harsh.
The Los Angeles Times reported this morning that Cheronda Guyton, a Wells Fargo senior vice president, was spending weekends throwing lavish parties in the home, located at 106 Malibu Colony Rd, Malibu, CA. Ironically, Guyton’s job is dealing with foreclosed commercial properties.
Neighbors in the Malibu, CA community and local Realtors were initially baffled by the bank’s unwillingness to put the home on the market. It was a neighbor who noticed Guyton throwing a party and did a little detective work.
via Foreclosed Malibu Home Used for Parties by Top Bank Exec | Zillow Blog.
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