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>> CHICAGO Latest News

SEP 18, 2013 - Boston Herald

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Beanie Babies creator charged with tax evasion

CHICAGO — The creator of Beanie Babies stuffed animals has been charged with federal tax evasion for allegedly failing to report income earned in a secret offshore account, and he's agreed to pay a more than $53 million penalty.Prosecutors in Chicago announced charges Wednesday against H. Ty Warner. His attorney issued a statement saying the 69-year-old would plead guilty and pay a penalty of more than $53 million.Defense lawyer Gregory Scandaglia called the matter an "unfortunate situation" that Warner "has been trying to resolve for several years."

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