Tuesday, September 15, 2009

Wells Fargo Exec Fired After Partying in Foreclosed Mansion

Cheronda Guyton was, according to LinkedIn, a senior VP at Wells Fargo Bank based in the Greater Los Angeles area. Now, however, she's an unemployed former Wells Fargo employee.

Cheronda Guyton and her family reportedly partied and stayed at a bank-owned $12 million beach house (pictured above) in the exclusive Malibu Colony. The house had been foreclosed on as a result of the Bernie Madoff scam.

Certainly the former owners, Lawrence and Linda Elins didn't need insult added to injury, did they? Cheronda Guyton's actions are another example of how high-profile Wall Street and financial industry executives consider themselves privileged and entitled.

If nothing else, at least those of us in the general public can picture the look on her face when Cheronda Guyton was told not just that she was getting the boot from her 3,800 square foot home (which wasn't hers anyway), as well as from her job. Sweet.

Wells Fargo Bank issued the following statement, and confirmed the executive involved as Cheronda Guyton.
"We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members. We continue to place the highest value on honesty, trust and integrity to guide our team members in making business decisions each day."
Honesty, trust, integrity? Those words can't be applied to these execs, can they? At least, not in the case of Cheronda Guyton.
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4 comments:

Lindylu said...

Not only should she of lost her job, she should be jailed. If I were to break into someone's home and throw a kickass party, and then take up living there, thats where I would of wound up. As for the former owners that lost their home,if I were they, I'd want to kick her ass. Talk about adding salt to a wound. If she never gets a job again in her industry it will serve her right. What ever would make someone think that this was an acceptable thing to do???? Stupid, stupid, stupid.........

Anonymous said...

technically, the bank owns the home. so if WFB gave her permission, then she did nothing wrong in staying there. companies put execs up all the time. if, however, she took the liberty of inviting herself to stay there, then WFB can go after her ... as it seems it did. whether it feels firing her is sufficient or additional criminal charges are warranted is up to the bank alone.

CoachingByPeter said...

One factor that may affect anyone's foreclosed property is their credit score. It has great impact especially if one is trying to apply for a loan or credit card. If possible, it's better to pay mortgage loan on time to avoid foreclosure.

roger said...

technically, the bank owns the home. so if WFB gave her permission, then she did nothing wrong in staying there. companies put execs up all the time. if, however, she took the liberty of inviting herself to stay there, then WFB can go after her ... as it seems it did. whether it feels firing her is sufficient or additional criminal charges are warranted is up to the bank alone.
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