Bank of America Employee Accused of Looting $139,332 From Two Customers In Tennessee

A former Bank of America insider is accused of stealing tens of thousands of dollars from two elderly customers while working at a branch in Nashville, Tennessee.

Karl Stephen Richardson was arrested earlier this week and charged with credit card fraud, financial exploitation of an elderly adult and identity theft, reports WKRN News.

Bank of America had reportedly filed a complaint with the Metro Nashville Police Department in February.

Police say Richardson stole approximately $70,932 from an 86-year-old woman, with whom he had become personal friends. Between April 11th of 2022 and April 13th this year, Richardson conducted more than 100 unauthorized transactions from the 86-year-old’s account, including Zelle transfers, ATM and counter withdrawals.

Richardson also made unauthorized withdrawals from the 86-year-old’s account after he left the bank in November of 2025.

He is also accused of stealing approximately $68,400 from a 75-year-old woman. Between July 25th and November 21st of 2025, police say Richardson processed 19 over-the-counter withdrawals amounting to more than $60,000 from the 75-year-old’s account and only gave the woman some of it. He also made ATM withdrawals from her account for amounts of about $8,000 without her authorization between September 12th and October 8th of 2025.

Richardson has been charged with two counts of financial exploitation of an elderly adult, two counts of computer fraud, two counts of identity theft, two counts of felony theft and two counts of credit card fraud.

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