Beanie Babies creator spared prison for evasion

Freelance journalist
Share this content
1

Beanie Babies creator Ty Warner did not receive a jail sentence for evading millions of dollars worth of tax from US authorities in a Swiss bank account. 

The tycoon could have faced up to five years in prison, but a Chicago federal court handed him a sentence of two years probation and 500 hours community service. 

Warner pleaded guilty to a single count of tax evasion and said he felt "shame and embarrassment"...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

Isolated incident

The man is having to file amended returns for 1999 to 2008, but his lawyers claim it is an "isolated event"? Was it an extremely long isolated event? I suppose if he evaded taxes continually for that whole period, that could count as one "event". Possibly mentioning the length of the "event" would make it sound less mitigating though.

Thanks (2)