Monday, September 14, 2009


Wells Fargo has fired executive Cheronda Guyton, who threw parties at a foreclosed Malibu mansion lost by victims of Bernard Madoff's Ponzi scheme.

In a statement, Wells said its internal investigation concluded that "a single team member was responsible for violating our company policies. As a result, employment of this individual has been terminated.""We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members," the statement added. A Wells Fargo spokeswoman Jennifer Langan confirmed that it was Guyton.

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