Beanie Babies Creator Sentenced for Tax Evasion

Creator of Beanie Babies Receives Light Sentence in Tax Evasion Case The man who created the popular collectible Beanie Babies has received probation in his tax evasion case. Ty Warner, 69, managed to avoid going to jail on Monday, January 13th. Reportedly, Warner pleaded guilty in October 2013 to the tax evasion charges, after federal investigators discovered that he had avoided paying taxes on $25 million in income by hiding the money in a Swiss bank account. Warner agreed in October to pay $53.6 million as a civil penalty for his tax … [Read more...]