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Beanie Baby Billionaire Seeks To Avoid Prison For Tax Evasion

Billionaire Beanie Baby creator H. Ty Warner asked a U.S. judge to spare him prison and impose a probationary sentence for evading taxes on secret Swiss accounts that held as much as $107 million.

Warner, 69, faces 46 months to 57 months in prison when he is sentenced Jan. 14 in federal court in Chicago. Warner, a maker of plush toys who also runs hotels, wants U.S. District Judge Charles Kocoras to sentence him instead to probation with community service, according to a Dec. 31 court filing.

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