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We speak of the now-infamous home in the Malibu Colony that was being used by a now-former Wells Fargo executive. The previous owners had gotten caught up in the Madoff madness and were forced to give up the beachfront property. When Wells got hold of the home last May it was valued at $12 million. Now, the asking price is $21.5 million, according to Redfin (via Curbed LA). Guess Hilton & Hyland agent Chad Rogers wants to jump on all the publicity.
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.