All Posts Tagged Tag: ‘beanie babies’

Beanie Baby Creator: Feds Demand New Sentence

Federal prosecutors are demanding a new sentence be handed to Beanie Baby creator Ty Warner, 69, after he was given probation for hiding at least $25 million from tax authorities in Swiss banks. In a 55-page appeal filed with the U.S. 7th Circuit Court of Appeals, prosecutors suggest the tax evasion the billionaire pleaded guilty to called for at least …

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IRS v. Beanie Babies

Harold T. Warner, CEO and founder of Ty Inc., the company most famous for the creation of the extremely popular stuffed animal collection known as “Beanie Babies” has agreed to put in a guilty plea on felony charges of tax evasion. With his product’s more youthful appeal, Warner affectionately ‘goes by’ his middle named Ty (which was printed in the …

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Beanie Baby Founder Has To Pay The Tax Man

No matter how much money you make, you can never keep it away from Mr. Tax Man. Just ask Wesley Snipes. Maybe billionaire Ty Warner thought if you moved your money to a different country, you didn’t have to let the IRS know? Alas, you have to let them know about every penny you make no matter where you keep …

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Man Goes Bankrupt Investing in Beanie Babies

In an interview with Dazed Digital, one man tells the story of how his father spent all his family’s money to “invest” in the Beanie Baby craze, and in the end lost $100,000 on the crazy market idea. Back in late 1993, Ty Warner, Inc. debuted the toy animals. There were originally nine designs of the toys. They flew off …

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“Beanie Babies Hunger Games” Video Sweeps Web

With the uber-success of “The Hunger Games” last weekend–it was the biggest opening for a non-sequel film and the third biggest of all time at $155 million–lots of people are seizing the opportunity to have their own 15 minutes of fame while the iron is still hot. The internet is ablaze with parodies of the book and film, such as …

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