Beanie Babies billionaire H. Ty Warner to be sentenced, faces up to 5 years for tax evasion
CHICAGO - The billionaire creator of Beanie Babies steps before a federal judge Tuesday to learn if he'll have to spend up to five years behind bars for evading taxes on $25 million in income.
H. Ty Warner's sentencing 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.
Defence attorneys argue for probation, pointing to Warner's unhappy childhood and his charity work.
But prosecutors say Warner should spend some time in prison; they don't recommend how much.
A government filing says about Warner's philanthropy: "Charity is not a get-out-jail card."
Read more Business News
- RCMP budget cut by $4.2MPoll
- SPCA offers spay/neuter programVernon / N. Okanagan
- Hwy. 99 partially openBC
- California wildfire destroys homesWorld
|QHR Technologies Inc||1.21||+0.01|
|Anavex Life Sciences||0.26||0.00|
|Copper Mountain Mining||2.92||+0.15|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.23||+0.03|
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...
Finally, after three months in New Brunswick, I am back home in the sunny Okanagan. It is a delight to be home and the lake, vistas, people and climate never disappoint. Like many people however, I...
My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...