TBA Law Blog


Posted by: Julia Wilburn on May 12, 2026

Brentwood attorney David Gebhardt on May 8 pleaded guilty to filing false tax returns that failed to report millions of dollars in income from cryptocurrency sales and from his consulting business, according to a press release from the U.S. Attorney's Office for the Middle District of Tennessee. Court documents show that Gebhardt purchased cryptocurrency but used decentralized exchanges and nominees to conceal his income from those investments, did not report the income on his tax returns, falsely indicated that he did not engage in virtual currency transaction, and failed to report all the gross receipts earned by a consulting business he owned. In total, Gebhardt caused a tax loss of more than $550,000 by filing false tax returns for 2018 through 2022. He faces a maximum penalty of six years in federal prison, as well as restitution and monetary penalties.