A former Nashville banker has been charged with multiple felonies after stealing more than $139,000 from two elderly clients.
Carl Steven Richardson was arrested Tuesday following a four-month investigation by the Metro Nashville Police Department’s Fraud Unit. Reports News channel 5
He is charged with two counts 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 client’s account between July 2025 and November 2025, with the client not receiving most of the funds.
Investigators also found 11 unauthorized ATM withdrawals totaling $8,000 from the same account.
Her total loss was $68,400.
The second victim, an 86-year-old woman, lost approximately $70,932 through more than 100 unauthorized transactions that included Zelle transfers, ATM withdrawals, counter-swipes, and debit card purchases. According to NewsChannel 5, Richardson developed a personal relationship with the 86-year-old client.
The report says Richardson continued to make withdrawals from the 86-year-old man’s account even after he left Bank of America in November of 2025. Between January 1 and April 13 of 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 bail was set at $370,000.
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