It’s Saturday night! Let’s party! …But where? Oh, I know. I heard that there’s this foreclosed Malibu beach house where a Wells Fargo manager is having some killer parties. Well, at least until ACORN had to go and ruin everyone’s fun.

The last time the house was on the market, it sold for $12 million.

According to the Los Angeles Times, residents said Cheronda Guyton, a Wells Fargo senior vice president responsible for foreclosed commercial properties, spent weekends in the Malibu Colony house throwing “eye-catching” parties, one of which had guests arriving in a yacht.

…

Wells Fargo said in a statement it took possession of the Southern California property in May and withheld it from the market for an agreed-upon period of time, adding that company policy prohibits personal use of properties held by the bank.

Come on, Wells Fargo, what’s the fun in owning luxury beach houses if you can’t have amazing parties? Live a little.

Banker lived it up in bank-owned Malibu house: report [Reuters]

(Photo: ZeHawk)