Cheronda Guyton Wells Fargo – bankers are looting the banks, isn’t a new story or a reality show but real bank corruptness by a banker. Cheronda Guyton, an executive of Wells Fargo is being charged of arranging personal parties and spending weekends in a foreclosed beach house in Malibu. The Bank Wells Fargo is the fourth largest bank in the United States by assets and the second largest bank in deposits, home mortgage servicing and debit card.
The foreclosed oceanfront home is worth $12 million and neighbors are going to be curious about why Wells Fargo Bank never put it on the market and Cheronda Guytons parties are going on in the house owned by the bank. The prior owners of this beach house, lost the home after being victims of Bernard Madoff Ponzi fraud, and in the last spring, the owner was forced to sign his home over to the bank and according to reports, potential buyers often requested to see the home and but they are being denied.
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