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Archive Home > 2009 > September > 11 > Wells Fargo executive spotted cavorting in Malibu beach house turned over by Madoff victims

Wells Fargo executive spotted cavorting in Malibu beach house turned over by Madoff victims

By E. Scott Reckard and David Sarno / The Bulletin
September 11, 2009

MALIBU, Calif. — Bernie Madoff’s massive fraud stunned some of the wealthy denizens of the Malibu Colony, especially when a couple devastated by the scheme surrendered their home to Wells Fargo Bank.

But some neighbors in the tony gated community in Malibu say the real shocker came when they saw....

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