the republic logo

Beanie Babies creator defends sentence of probation, no prison time, for tax evasion

Share/Save/Bookmark

CHICAGO — Lawyers for the billionaire creator of Beanie Babies say a federal judge didn't let him off too easily by giving him probation and no prison time for hiding at least $25 million from U.S. tax authorities in Swiss banks.

In a 57-page filing Thursday with the U.S. 7th Circuit Court of Appeals, Ty Warner denies the judge in Chicago sent a message that there's a different standard for the wealthy.

That's the prosecutors' argument in their recent appeal asking for a do-over of Warner's sentencing. They want Warner to spend at least some time behind bars.

In sentencing him to two years of probation in January, Judge Charles Kocoras heaped praise on Warner for his charitable giving. Tuesday's filing echoes that, calling Warner "a self-made man with a generous heart."

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

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 This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.