Feds: Beanie Babies creator should do prison time - FOX 32 News Chicago

Feds: Beanie Babies creator should do prison time

Posted: Updated:
CHICAGO (Associated Press) -

CHICAGO (AP) -- Prosecutors say the billionaire creator of Beanie Babies should do at least some prison time for failing to report $25 million in income he hid in Swiss bank accounts.

A Tuesday filing by the government in federal court in Chicago doesn't suggest a specific length of prison time for H. Ty Warner. But it says probation asked for by the defense wouldn't be appropriate.

Prosecutors acknowledge Warner has donated millions to charity over the years. But prosecutors' filing adds, "Charity is not a get-out-jail card."

The 69-year-old pleaded guilty last year to tax evasion. The judge could sentence him for a maximum of five years in prison at next week's sentencing hearing.

Beanie Babies first appeared in the `90s, triggering a craze for the plush animal toys.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices