CHICAGO (AP) — 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.
Defense 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."
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
CHICAGO (AP) — 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.
Defense 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."
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.