Results 1 to 3 of 3

Thread: Wow!

  1. #1
    spelling police HAZE's Avatar
    Join Date
    Feb 2009

    Angry Wow!

    Here is an article I came across today. It pissed me off so much I felt I had to share:

    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
      • 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.

    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.

  2. #2
    L Carlson's Avatar
    Join Date
    Aug 2007
    Bonita Springs, Florida, United States
    Does that really surprise you!

  3. #3
    H2OYEAH's Avatar
    Join Date
    Nov 2007
    Central Florida

    Thumbs down

    I saw that on GMA this morning.
    Doesn't suprise me though.She'll probably just get a slap on the wrist.
    Seems like people with that kind of money don't apply to the same rules as others.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. WOW WOW WOW !!!! Thanks Jerry :)
    By rxp_boy in forum 4-Tec Performance
    Replies: 15
    Last Post: 05-01-2006, 12:19 PM
  2. I had an IDEA! WOW!
    By Totallyblown in forum 4-Tec Performance
    Replies: 29
    Last Post: 04-03-2006, 07:50 PM
    By 1 FAST VE in forum 4-Tec Performance
    Replies: 19
    Last Post: 12-29-2005, 04:03 PM
  4. WOW
    By SuperCharged in forum Sea Doo Open Discussion
    Replies: 2
    Last Post: 11-26-2005, 05:48 PM
  5. GTX Owners Tip for 1-3 mph Mark @ Race Tech gave me WOW!!!!
    By two2curupt in forum 4-Tec Performance
    Replies: 31
    Last Post: 09-25-2005, 08:27 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts