ap
Neighbors: Exec. moved into bank-owned beach home
Neighbors: Wells Fargo exec. moved into beach home surrendered to bank by Madoff-duped couple

* On Thursday September 10, 2009, 11:11 pm EDT

o
Buzz up! 2356
o Print

*
Companies:
o Wells Fargo Company

MALIBU, Calif. (AP) -- 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.
Related Quotes
Symbol Price Change
WFC 27.43 -0.43
Chart for WELLS FARGO & CO NEW
{"s" : "wfc","k" : "c10,l10,p20,t10","o" : "","j" : ""}

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.

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.

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. Residents said they obtained Guyton's name from the community's guards, who had issued her a homeowner's parking pass.

Residents also wrote down the license plate number of a 2007 Volvo sport-utility vehicle they say was parked in the home's garage. A check of state motor vehicle license plates by the Times found the vehicle was registered to Guyton.

Guyton is a Wells Fargo senior vice president responsible for foreclosed commercial properties, resident Phillip Roman said.

"It's outrageous to take over a property like that, not make it available and then put someone from the bank in it," said Roman, who lives a few homes away from the property.

Residents said Guyton, along with her husband and two children, often hosted guests at the home, including a large party the last weekend of August. Malibu Colony is about 25 miles from downtown Los Angeles.

Wells Fargo said in a written statement that it would conduct a thorough investigation of the allegations by neighbors, but said it wouldn't "discuss specific team member situations/issues for privacy reasons."

Guyton's home number is unlisted, and attempts to reach her at her Los Angeles office after work hours were unsuccessful.

The bank's agreement with the prior owner required it to keep the home -- a 3,800-square-foot, two-story structure built in the early 1990s -- off the market for a period of time, Wells Fargo said in the statement. The bank said it planned to list the property for sale soon.

Views: 40

Reply to This

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

James T. Kirk's 3 blog posts were featured
24 minutes ago
Sweettina2's video was featured
25 minutes ago
Sweettina2 posted a video

Our Decaying Society

Get Emergency Food Supply with 25 yr shelf-life: http://www.preparewithvincent.com ✅Send Tip on PayPal: https://www.Paypal.Me/VincentJamesRed ✅Subscribe-star...
1 hour ago
Chris of the family Masters posted a photo
1 hour ago
Lori commented on Sweettina2's video
Thumbnail

Epstein Maxwell Royal Family Interview | David Icke

"It defiles their core. I just escaped a slum where a little boy who was being home schooled by drug…"
1 hour ago
Chris of the family Masters favorited Diana's photo
1 hour ago
Charles Cox favorited Diana's photo
1 hour ago
James T. Kirk commented on James T. Kirk's blog post How to Identify and Use Kratom – the Painkilling Plant that Substitutes Opioids
1 hour ago
James T. Kirk posted a blog post

How to Identify and Use Kratom – the Painkilling Plant that Substitutes Opioids

How to Identify and Use Kratom – the Painkilling Plant that Substitutes OpioidsBy Giurgi C.October…See More
1 hour ago
Sweettina2 commented on Chris of the family Masters's blog post To Honor Death Of Politician, Nation Agrees To Delay Screaming At Each Other About Politics Until Tomorrow
"SMDH."
2 hours ago
Sweettina2 commented on Sweettina2's video
Thumbnail

Epstein Maxwell Royal Family Interview | David Icke

"@Lori  It is the absolute most heinous crime are those against children. They are the most…"
2 hours ago
Diana posted photos
2 hours ago
Charles Cox favorited Phyllis Maka's blog post The Deep State Shakeup: Change is Beckoning October 13, 2019
4 hours ago
Phyllis Maka posted blog posts
4 hours ago
Charles Cox commented on Chris of the family Masters's blog post To Honor Death Of Politician, Nation Agrees To Delay Screaming At Each Other About Politics Until Tomorrow
"This is how I will remember this clown, wasting time and money. He was a career crook. We need to…"
5 hours ago
Charles Cox commented on Chris of the family Masters's blog post To Honor Death Of Politician, Nation Agrees To Delay Screaming At Each Other About Politics Until Tomorrow
"democrats-sitting-on-floor-in-house-for-gun-control-laws-twitter.jpg This is how I will always…"
5 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted