Wells Fargo Senior Vice President Cheronda Guyton hosted guests at a lavish $12 million beach house. The only problem was that the home didn’t belong to Ms. Guyton. The 3800 square foot home was turned over to the bank by its owners who were victimized by Bernard Madoff. Wells Fargo learned of the soirees and fired the executive. Guess she’ll have to find a new party pad. Read more from Investment News here.