Cheronda Guyton is an executive of Wells Fargo Bank who oversees the foreclosure of properties. On September 10, 2009, it was reported that Guyton used a foreclosed $12 million beach house in California as a party house during the summer of 2009. She reportedly moved into the house with her husband and two children.http://www.wsbtv.com/news/20844716/detail.html
The home was acquired by Wells Fargo after the owners fell victim to Bernard Madoff's massive Ponzi scheme.http://www.wsbtv.com/news/20844716/detail.htmlhttp://www.bizjournals.com/sanfrancisco/stories/2009/09/07/daily80.html
Forclosed Malibu Colony Beach House
