Home / Crime and Justice / Banker Accused of Stealing $139K from Elderly Clients
Banker Accused of Stealing $139K from Elderly Clients
6 Jul
Summary
- Banker faces 10 criminal counts for allegedly stealing over $139,000.
- Two elderly customers lost significant sums to alleged embezzlement.
- Investigation began after a complaint from Bank of America on Feb. 6.
A Nashville banker, Karl Stephen Richardson, has been charged with 10 criminal offenses related to the alleged embezzlement of over $139,000 from two elderly customers. The Metropolitan Nashville Police Department initiated a four-month investigation following a complaint filed by Bank of America on February 6.
Richardson, who previously worked at a Bank of America branch on Harding Pike, is accused of exploiting two customers. One 75-year-old woman allegedly lost $68,400 through 19 counter withdrawals and 11 unauthorized ATM withdrawals between July 2025 and November 2025.
Another victim, an 86-year-old Bank of America customer, reportedly lost nearly $70,932 over four years through more than 100 unauthorized transactions, including ATM and counter withdrawals, debit card use, and Zelle transfers. These activities continued even after Richardson left Bank of America in November 2025.
Richardson was later arrested at Simmons Bank, his new employer. He faces charges including financial exploitation of an elderly adult, computer fraud, felony theft, identity theft, and credit card fraud, with his bond set at $370,000. The case highlights the importance of monitoring bank accounts for suspicious activity, especially for older adults.
