Memphis, September 7, 2025
News Summary
Tyrone Clark has been arrested for allegedly stealing over $66,000 from Regions Bank through fraudulent deposits. After a series of bounced checks, investigators caught on to his scam. Clark admitted to the fraudulent activity during police interviews and is set to appear in court next year. This case underscores ongoing concerns in the financial sector regarding bank security and fraudulent activities.
Memphis โ A 33-year-old man, Tyrone Clark, has been arrested for allegedly stealing over $66,000 from Regions Bank through a series of fraudulent deposits. The charges against Clark include theft of property exceeding $10,000 but not exceeding $60,000.
The theft case came to light when a Regions Bank employee reported suspicious activity on April 19, 2024. On that day, Clark deposited a check for $28,000 into his account. However, the check was returned due to insufficient funds shortly after its deposit, leading to a negative balance. This account was subsequently closed.
Continuing his alleged fraudulent scheme, Clark made another deposit on June 14, 2024, which included a check for $38,500 and $10,000 in cash. After transferring these funds into a separate Regions Bank account, the second check also bounced, resulting in the closure of the new account as well. The total losses incurred by Regions Bank from Clark’s actions amounted to $66,463.72.
Clark was taken into custody and, during interviews with investigators on July 31, 2024, he admitted to making the fraudulent deposits and transferring the funds. He is set to appear in court for further proceedings on September 19, 2025, though his bond has not yet been established.
Details of the Case
- Arrest Date: July 31, 2024
- Court Date: September 19, 2025
- Charges: Theft of property over $10,000
Timeline of Events
| Date | Event |
|---|---|
| April 19, 2024 | Tyrone Clark deposits a $28,000 check; check bounces. |
| April 19, 2024 | Account goes negative; account closed. |
| June 14, 2024 | Clark deposits a $38,500 check and $10,000 in cash. |
| June 14, 2024 | Funds transferred to another account; second check bounces. |
| July 31, 2024 | Clark admits to fraud during police interviews. |
Background
Fraud in banking institutions has been a recurring issue, often involving checks written for non-existent funds. Instances like these prompt banks to monitor accounts closely and report any suspicious activities. The case against Clark could reflect a broader concern within financial institutions regarding the security of transactions and the potential for exploitation through check fraud.
Conclusion
The arrest of Tyrone Clark highlights the serious consequences of financial fraud. As the investigation continues, implications for banking practices and security measures may evolve in response to such cases.
FAQ
What was Tyrone Clark accused of?
Tyrone Clark is accused of stealing over $66,000 from Regions Bank through fraudulent check deposits.
When was he arrested?
Clark was arrested on July 31, 2024.
What are the charges against him?
He is charged with theft of property exceeding $10,000 but not exceeding $60,000.
When is Clark’s next court appearance?
His next court appearance is scheduled for September 19, 2025.
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Additional Resources
- WREG: Man in jail after $66K theft scheme from Regions Bank
- Wikipedia: Bank Fraud
- Action News 5: Masked man on the run after Regions Bank robbery
- Google Search: Bank Fraud
- Local Memphis: ATM armed robbery, three suspects wanted
- Encyclopedia Britannica: Fraud
- KAIT8: Multiple arrests made in bank fraud investigation
- Google News: Bank Robbery
Author: STAFF HERE MEMPHIS WRITER
The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the areaโwith deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
