Talmadge Garner, Bank Fraud, Tennessee 2024

A brazen bank fraud scheme has been uncovered in Memphis, with one man facing the music for his role in the deceitful plot.

Lawrence J. Laurenzi, Acting U.S. Attorney for the Western District of Tennessee, announced the indictment of Talmadge Garner, a Memphis man accused of committing bank fraud against financial institutions in the Memphis area. The indictment was handed down by a federal grand jury.

According to the indictment, Garner and unknown co-conspirators participated in a deceptive scheme to defraud Orion Federal Credit Union, SunTrust Bank, and Regions Bank from August 2011 through February 2016. The fraud consisted of opening new accounts and/or using their existing accounts to deposit fraudulent checks.

Garner allegedly stole the identities of individuals to pass fraudulent checks to the banks. Nearly 200 fraudulent closed account checks totaling $110,831.95 were deposited into accounts at the banks. Immediately after deposits were made in the banks, withdrawals were made by Garner and others not named in the indictment.

The indictment records 31 counts of fraudulent transactions involving Garner and unknown co-conspirators during the five-year period. The maximum penalty for bank fraud is 30 years in prison and a $1,000,000 fine. The case was investigated by the United States Secret Service.

Assistant U.S. Attorney Damon Keith Griffin is prosecuting this case on behalf of the government. The indictment marks a significant blow to Garner’s alleged scheme, and it remains to be seen how the case will unfold in the coming months.

Garner’s alleged actions have left a trail of financial devastation in their wake, with banks and individuals alike suffering losses as a result of his deceitful scheme. As the case moves forward, one thing is certain: justice will be served, and Garner will face the consequences of his actions.

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