Beanie Babies creator asks for probation
- Photos (1)
The billionaire creator of Beanie Babies, who pleaded guilty to tax evasion, pointed to an unhappy childhood and his charity work as reasons he should be spared a prison sentence.
H. Ty Warner, of Oak Brook, faces up to five years in prison when he is sentenced later this month in Chicago. But in court papers filed this week in U.S. District Court, he contended he should instead get probation.
The 69-year-old Warner admitted in October that he evaded paying taxes over an 11-year period. Under sentencing guidelines, Judge Charles Kocoras can consider Warner's charitable gifts and agreeing to pay $69 million in back taxes and interest.
Beanie Babies first appeared in the `90s, triggering a craze for the plush toys fashioned into animals. Forbes recently put Warner's net worth at $2.6 billion.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close