Neighbors: Exec. moved into bank-owned beach home (San Francisco Chronicle)

A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said. The... Sponsored Topics: Wells Fargo - Foreclosure - Business - Financial Services - Banks and Institutions