Beanie Baby creator Ty Warner charged with tax evasion
http://www.chicagotribune.com/business/ ... 6629.story
Ty Warner, the Chicago-area entrepreneur who became a billionaire creating Beanie Babies stuffed plush toys, has been charged with felony tax evasion by federal authorities and has agreed to plead guilty and pay a $53.5 million penalty, federal officials and Warner’s attorney said in separate statements Wednesday.
Warner "was charged today with federal tax evasion for allegedly failing to report income he earned in a secret offshore account he held with UBS," the financial services firm based in Switzerland, the U.S. attorney’s office in Chicago said.
