The Wells Fargo banker who turned a foreclosed Malibu beach house into his her summer party pad has been fired. The couple who originally owned the place were victims of Bernie Madoff, and lost the $12 million house in May. Wells says the banker acted alone, and added, “We deeply regret the activities that have taken place as they do not reflect the conduct we expect of our team members.”

“Wells Fargo Fires Exec Who Partied In A Foreclosed Malibu Pad” [BusinessWeek]
(Photo: tastybit)

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