Hot Property: Wells Fargo alleged party house in Malibu sells for $14.9 million
Cheronda Guyton, a senior vice president for commercial properties, was accused last year of using the multimillion bank-owned home to entertain friends and family and subsequently fired.
The house, which sold for $14.95 million, was valued at $12 million in May 2009 when its owners surrendered the home to Wells Fargo. The couple had been Bernard L. Madoff fraud victims.
The 3,800-square-foot contemporary in the exclusive gated community was first listed at $21.5 million but had been reduced to $18 million.
Chad Rogers of Hilton & Hyland, Beverly Hills, had the listing, according to the Multiple Listing Service. Rogers also represented the buyer.
-- Lauren Beale
Photo: A green umbrella sits on the deck of the four-bedroom beachfront home in this 2009 file photo. Credit: Ringo H.W. Chiu / For The Times