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September 22, 2014, 7:21 pm
970 WMAY News

Beanie Babies Creator Could Get Probation for Tax Evasion

The creator of Beanie Babies faces up to five years in prison when he is sentenced on tax evasion charges this month in federal court in Chicago.


But attorneys for Ty Warner say he should get probation instead… in part because of his unhappy childhood, with a schizophrenic mother and absentee father.


Warner became a billionaire with the sale of the plush toys, but has now admitted evading taxes by stashing millions of dollars in Swiss bank accounts.


In addition to the possible prison time, Warner is also facing a back-tax bill of $16 million and fines in excess of $53 million.

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