Taxes

Creator of Beanie Babies Facing Up to Five Years in Jail for Tax Evasion

$25 million

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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.