Chad Rogers Lists Illegitimate Party Pad Of Wells Fargo Exec In Malibu Colony, Formerly Owned By Madoff Victims

by Emily Green · June 2, 2010

Looking for a Malibu beach house with a scandal-ridden history to party at this summer? How about if it had a reality star realtor?  Well, the "Wells Fargo" house of the Malibu Colony is available, listed at just $18 mil, and so far there are no takers.

More interesting than the house itself is the story behind it, and man, is it a beaut... When Bernie Madoff victims had to hand their Malibu Colony home over to the bank last year, Cheronda Guyton, a Wells Fargo executive, took the liberty of making the house her personal party pad. No, she was not allowed to do that, and yeah, she's got big ones. At the time, the house was owned by the bank and not on the market. But Guyton, a Wells Fargo senior vice president, seized an opportunity she was not at all entitled to and used it to host summer parties wild enough to piss off the neighbors who ratted her out. Needless to say, when the bank got wind of what was going on over at their property in the Colony, the party was quite literally over for Guyton, who was immediately fired, and the house was quickly placed on the market.

And guess who got the listing? None other than Bravo's smuggest L.A. real estate agent and self-proclaimed expert on all things Malibu, Chad Rogers of "Million Dollar Listing." He's the one with the hair. Sadly, Chad will not be featured on the upcoming season of the gripping series (that's not sarcasm, we actually love the show), but you can always schedule a showing (just make sure you're pre-qualified) or hit up an open house if you miss seeing him prance around in his little outfits with his little dog.

[All photos via Curbed]