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- A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said. [1]

A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said. [2]

The couple signed the property over to Wells Fargo last spring, and the bank subsequently denied requests to show the house to prospective buyers, Dazzan-Palmer said. [3]

After a couple of Bernie Madoff Ponzi Scheme victims turned over the keys to their foreclosed home, Cheronda Guyton, a Wells Fargo senior vice president, decided to squat in the multimillion dollar house, using it to host lavish parties. [4]

Residents in the gated community told the Los Angeles Times that a woman they believe was Cheronda Guyton took up occupancy at the home in May. [5]

Here are pictures of the Malibu Colony home that Cheronda Guyton of Wells Fargo is accused of using as a party house by neighbors. [6]

Guyton is a Wells Fargo senior vice president responsible for foreclosed commercial properties, resident Phillip Roman said. [...] Neighbors said Guyton, along with her husband and two children, often hosted guests at the home, including a big bash the last weekend of August. [3]

Prieto is a Cuban American model who reportedly has also been seen with Julio Iglesias, Jr.The Kendall house reportedly retailed at under $300,000 and is 3 bedrooms. [6]

Residents wrote down the plate number of a 2007 Volvo SUV they say was parked in the home’s garage. [3]

Residents also wrote down the license plate number of a 2007 Volvo sport-utility vehicle they say was parked in the home’s garage. [5]

The previous owners of the beachfront home in Malibu Colony _ a densely built stretch of luxury homes that has been a favorite of celebrities over the years _ were financially devastated in Bernard Madoff’s massive fraud scheme, real estate agent Irene Dazzan-Palmer said. [1]

LALATE is now America’s Top 7 Most Popular Celebrity News Site Online, the Fastest Growing News Site in the U.S.! [6]

Adding fuel to what must be a public-relations nightmare for the bank is the fact that the couple who lost the home in foreclosure had to give up the property because they were victims of Bernie Madoff’s ponzi scheme. [4]

Citing accounts by neighbors in exclusive Malibu Colony, Cheronda Guyton ‘ Wells executive responsible for foreclosed commercial properties ‘ used the house for parties and weekends frequently this summer. [7]

Sources:
[1] Neighbors: Exec. moved into bank-owned beach home - wtop.com
[2] Neighbors: Exec. Moved Into Bank-owned Beach Home - CBS News
[3] Wells Fargo exec accused of using foreclosed house for parties
[4] Cheronda Guyton: Wells Fargo Exec Squats in Madoff Victims’ Home
[5] Neighbors: Exec. moved into bank-owned beach home
[6] 2009 September | lalate news - America’s Fastest Growing Celebrity News
[7] News | Daily News | Breaking News | News.Spreadit.org

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