Wells Fargo Fires Exec Who Squatted at Malibu Pad

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.
(More Wells Fargo stories.)