Beanie Babies billionaire Ty Warner, guilty of tax evasion, likely alcoholic.
Beanie Babies billionaire Ty Warner, 69, who reached an agreement with federal prosecutors to plead guilty to federal tax evasion in connection with undeclared Swiss financial accounts. He went to great lengths to conceal the accounts, including holding $94 million under another name. While unreported income totaled more than $3.1 million and unpaid tax on the account came to $885,000, Warner has agreed to pay a civil penalty of $53.6 million,* the largest publicly-reported civil penalty ever in the U.S. crackdown on undeclared offshore bank accounts. Warner also faces up to five years in prison and additional criminal tax fraud penalties.
Thinking that one is more powerful than the U.S. government is a symptom of alcoholism. Tax evasion in general, but ...
