Thursday, September 10, 2009

UPI | Wells Fargo says it will look into reports that a bank executive has been using a California home surrendered to the bank by victims of Madoff

Neighbors say a top Wells Fargo executive has been spending weekends and having parties at the house, the Los Angeles Times reported Thursday.

A real estate agent who worked with the Elins told the newspaper Wells Fargo has declined offers to show the property to interested buyers.

Residents of the area identified the Wells Fargo executive who is using the house as Cheronda Guyton, a senior vice president in the bank's foreclosed commercial properties section, the Times said.

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