Beanie Babies billionaire could get prison time

[unhappycamper]

http://gazette.com/beanie-babies-billionaire-could-get-prison-time/article/feed/78558



Beanie Babies billionaire could get prison time
Updated: January 14, 2014 at 7:49 am • Published: January 14, 2014

CHICAGO (AP) — The billionaire creator of Beanie Babies will soon learn whether he'll have to spend up to five years in prison for evading taxes on $25 million in income.

H. Ty Warner's sentencing on Tuesday will also give him a chance to apologize at length for hiding his millions in Swiss bank accounts.

The 69-year-old apologized and wiped away tears when he pleaded guilty last year. But the judge in Chicago stopped him and said he could explain himself fully at sentencing.

Defense attorneys are arguing for probation, pointing to Warner's unhappy childhood and his charity work.

[Demeter]

1. Jail, definitely

Make an example for the 1%. There are no mitigating circumstances.

[emsimon33]

2. Serious jail time & a huge fine are the only way to stop these

bastards

[A HERETIC I AM]

3. His bigger crime is the fact that he created Beanie Babies in the first place. n/t