LOS ANGELES, Sept. 10 (UPI) -- Wells Fargo says it will look into reports that a bank executive has been using a California home surrendered to the bank by victims of swindler Bernard Madoff.
The former owners, Lawrence and Linda Elins, lost their $12 million Malibu beachfront property to the bank because of Madoff's Ponzi scheme. Neighbors say a top Wells Fargo executive has been spending weekends and having parties at the house, the Los Angeles Times reported Thursday.