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All Posts Tagged Tag: ‘Ty Warner’

Beanie Baby Creator: Philanthropy Kept Him Out Of Jail?

Beanie Baby creator Ty Warner was recently sentenced to probation after pleading guilty to tax evasion, and prosecutors say the light penalty–which does not include jail time–sends the wrong message about the way the wealthy are treated in a court of law. Warner pleaded guilty to keeping $25 million in a Swiss bank account away from the prying eyes of …

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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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