< 1 min read
January 14, 2014
Unhappy childhood plus charity work as an adult: "Beanie Baby" billionaire Ty Warner is on trial for tax evasion, and may mount a novel defense.
"The billionaire creator of Beanie Babies is in a Chicago federal courtroom for his sentencing on a tax evasion charge. H. Ty Warner could get up to five years in prison Tuesday for evading taxes on $25 million in income. The 69-year-old Warner was told when he pleaded guilty last year that he would have time at his sentencing to apologize for stashing money in Swiss bank accounts. Warner's attorneys have asked the judge for a sentence of probation, not prison. They pointed to Warner's unhappy childhood and his charity work." -- Associated Press