A former Nashville banker has been charged with a number of felonies after allegedly stealing greater than $139,000 from two aged clients.
Karl Stephen Richardson was arrested Tuesday following a four-month probe by the Metro Nashville Police Division’s Fraud Unit, stories NewsChannel 5.
He’s charged with two counts every of economic exploitation of an aged grownup, laptop fraud, felony theft, id theft, and bank card fraud.
The case started in February when Financial institution of America filed a criticism.
Richardson labored on the financial institution’s Harding Pike department.
He’s accused of processing 19 counter withdrawals totaling greater than $60,000 from a 75-year-old buyer’s account between July of 2025 and November of 2025, with the client not receiving a lot of the cash.
Investigators additionally discovered 11 unauthorized ATM withdrawals totaling $8,000 from the identical account.
Her complete loss reached $68,400.
A second sufferer, an 86-year-old, misplaced practically $70,932 via over 100 unauthorized transactions that included Zelle transfers, ATM withdrawals, counter withdrawals and debit card purchases. In response to NewsChannel 5, Richardson had developed a private relationship with the 86-year-old buyer.
The report says that Richardson continued making withdrawals from the 86-year-old’s account even after he left Financial institution of America in November of 2025. Between January 1st and April thirteenth this 12 months, the report says Richardson withdrew $4,500 from the sufferer’s account.
Richardson was arrested whereas working at Simmons Financial institution in Bellevue. His bond has been set at $370,000.
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