MUSIC INDUSTRY: Wells Fargo Exec Used Malibu Colony Home Lost by Madoff-Duped Couple

A top bank executive was seen spending weekends and hosting parties in the $12-million beach house. The bank says it will 'conduct a thorough investigation of the allegations' by neighbors. The Malibu Colony home formerly owned by Lawrence and Linda Elins is a sleekly modern, 3,800-square-foot, two-story structure built in the early 1990s by clothing designer Nancy Heller. Its huge glass windows look out on a patio, deck and the Pacific. The home's value was recorded at $12 million when the p...

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