Malibu Wannabe – Bank Exec Uses Foreclosed Home as Party Central

Wells Fargo exec uses bank-owned Malibu home for her personal benefit.

Wells Fargo executive Cheronda Guyton has just been busted for using a recently-foreclosed Malibu mansion as her personal Party Central this summer.

The home, valued at about $12 million, was handed back to the bank with an agreement that it would be held off the market for an agreed-upon period of time. So, with that in mind and a guarantee that the house would be vacant for a while, Cheronda apparently moved right in.

Ms. Guyton was in charge of foreclosed properties for Wells Fargo, and has apparently been terminated from Wells Fargo as a result of this incident. Wells Fargo’s official statement indicates that Ms. Guyton was acting alone in this, so no other employees were terminated.

Sorry, guys, seems this up-and-coming Bachelorette will be off the market for a while!