Ty Warner

Ty Warner, creator of Beanie Babies toys, signs autographs in a rare appearance to celebrate the 10th anniversary of the Beanie Babies toy line at the American International Toy Fair February 16, 2003 at the Jacob K. Javits Convention Center in New York City. (Chris Hondros/Getty Images)

Beanie Babies Creator Charged with Tax Evasion

Ty Warner has agreed to pay a $53 million penalty after being accused of federal tax evasion for failing to report income he earned in a secret offshore bank account.


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