Billionaire H. Ty Warner, the sixty-nine-year-old founder of the Beanie Baby franchise, could have been sent to federal prison for five years for tax evasion. Instead, a US district court judge in Chicago treated the toy magnate with kid gloves.
Who would've ever thought Beanie Babies would emerge as part of a tax evasion scheme? Only in America. But on September 19, the billionaire creator of Beanie Babies, Ty Warner, was hit with charges of tax evasion.