Beanie Baby Maker’s Probation Sentence Upheld in Tax Case

A federal appeals court upheld a sentence of probation, not prison, for H. Ty Warner, the billionaire creator of Beanie Babies plush toys, who evaded $5.6 million in taxes after hiding money in a Swiss bank account.

The ruling Friday by the appeals court in Chicago was a setback for U.S. prosecutors, who argued that Warner deserved prison time after pleading guilty. A three-judge panel ruled that the sentence of two years of probation and 500 hours of community service at three Chicago-area schools was correct, given the circumstances of Warner’s case.

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