BRENTWOOD, Tenn. (WZTV) — A Brentwood attorney admitted to hiding millions of dollars in income from cryptocurrency sales and his business on his tax returns from 2018 to 2022.
David Gebhardt, 54, a Tennessee-licensed attorney, pleaded guilty Friday to two counts of filing false individual tax returns.
Gebhardt withdrew approximately $6.6 million in funds from his cryptocurrency sales, according to court documents.
Reports also say Gebhardt ignored warnings from his accountants to report cryptocurrency income on his tax returns and lied on tax returns for 2020, 2021 and 2022, claiming he did not engage in virtual currency transactions.
The Tennessee attorney also caused a tax loss of more than $550,000 by filing false returns from 2018 to 2022.
His sentencing is scheduled for Nov. 6, 2026. He faces a maximum penalty of six years in federal prison and must pay restitution and monetary…
This remains the most prevalent form of financial crime globally. It targets the direct access points to your money: your cards and your bank accounts.
- Skimming: Criminals use small devices called “skimmers” placed over ATM or point-of-sale card slots to capture the data from your card’s magnetic strip.
- Card-Not-Present (CNP) Fraud: This occurs during online shopping where a physical card isn’t required. Thieves use stolen card numbers, expiry dates, and CVV codes to make unauthorized purchases.
- Account Takeover (ATO): A hacker gains access to your online banking credentials (often through malware or phishing) and changes the contact details or passwords, locking you out while they drain your funds.