January 14

Beanie Babies billionaire gets two years’ probation

H. Ty Warner, 69, was sentenced Tuesday for hiding millions in Swiss bank accounts.

The Associated Press

CHICAGO — The billionaire creator of Beanie Babies has been sentenced to two years’ probation and no prison time for evading taxes on $25 million in income.

click image to enlarge

Ty Warner, Beanie Baby creator and chief executive of Ty Inc., in a 2003 photo.

The Associated Press

H. Ty Warner, 69, was sentenced Tuesday for hiding his millions in Swiss bank accounts.

Defense attorneys had advocated for probation, pointing to Warner’s unhappy childhood and his charity work.

Prosecutors said Warner should spend some time in prison, though they didn’t recommend how much. They also said his philanthropy was not have be “a get-out-of-jail card.”

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors

Further Discussion

Here at KJonline.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)