H. Ty Warner, the billionaire who created Beanie Babies, arrives at federal court for sentencing today in Chicago. Last year Warner pleaded guilty to one count of tax evasion for hiding $25 million in income in secret Swiss bank accounts
Photo by Associated Press /Chattanooga Times Free Press .
published Tuesday, January 14th, 2014
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CHICAGO (AP) — The billionaire creator of Beanie Babies was sentenced to two years of probation, but no prison time, today for tax evasion on $25 million in income he had stashed away in Swiss bank accounts.