Beanie Babies Creator Evaded Taxes

BUSTED

Updated Apr. 20, 2017 4:52PM EDT / Published Sep. 18, 2013 2:56PM EDT

New York Daily News

Hopefully H. Ty Warner kept the tags on all his Beanie Babies, because he's going to needs $53 million fast. The creator of the tiny-animal empire that ruled the ’90s has been accused of federal tax evasion. Apparently, as billionaires are wont to do, he had a secret offshore bank account and did not report the money he made from it to the IRS. Though a lawyer for the 69-year-old has issued a statement saying that Warner plans to plead guilty and pay the $53 million fine, there is still a chance that he could go to jail. A federal-tax-evasion conviction could mean up to five years in prison.

Read it at Associated Press

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Beanie Babies Creator Evaded Taxes

New York Daily News