Wells Fargo foreclosure fiend fired

Wells Fargo and Company (WSF) announced yesterday that it has fired a senior executive who moved her family into a bank-owned property. Cheronda Guyton, the bank's senior vice president for foreclosed properties, apparently used a home in California's Malibu Colony as a personal party pad and weekend escape. While a Wells Fargo spokesperson refused to name the executive who was let go, she confirmed that it was Guyton.

The neighborhood, Malibu Colony, is among the wealthiest enclaves in the United States. Robert Redford, Mel Gibson, Richard Gere, Barbra Streisand, Whoopi Goldberg, Bill Murray, Rob Reiner, Sting all have beach homes here, and monthly rents are in the $60,000 range.