A former Nashville banker has been charged with multiple felonies after allegedly stealing more than $139,000 from two elderly customers.
Karl Stephen Richardson was arrested Tuesday following a four-month probe by the Metro Nashville Police Department’s Fraud Unit, reports NewsChannel 5.
He is charged with two counts each of financial exploitation of an elderly adult, computer fraud, felony theft, identity theft, and credit card fraud.
The case began in February when Bank of America filed a complaint.
Richardson worked at the bank’s Harding Pike branch.
He is accused of processing 19 counter withdrawals totaling more than $60,000 from a 75-year-old customer’s account between July of 2025 and November of 2025, with the customer not receiving most of the money.
Investigators also found 11 unauthorized ATM withdrawals totaling $8,000 from the same account.
Her total loss reached $68,400.
A second victim, an 86-year-old, lost nearly $70,932 through over 100 unauthorized transactions that included Zelle transfers, ATM withdrawals, counter withdrawals and debit card purchases. According to NewsChannel 5, Richardson had developed a personal relationship with the 86-year-old customer.
The report says that Richardson continued making withdrawals from the 86-year-old’s account even after he left Bank of America in November of 2025. Between January 1st and April 13th this year, the report says Richardson withdrew $4,500 from the victim’s account.
Richardson was arrested while working at Simmons Bank in Bellevue. His bond has been set at $370,000.
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