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Memo to Mr. Warner: Even Beanie Baby billionaires have to play fair
The prosecution of Ty Warner only came about as part of a relatively recent crackdown on offshore accounts in which nearly 70 wealthy individuals have faced fines and prosecutions.
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Warner pleads guilty to tax evasion, faces $53M penalty
Ty Warner, the Chicago billionaire and part-time Santa Barbara resident who owns the Four Seasons Biltmore, has been charged with federal tax evasion and plans to pay a $53 million penalty. Warner, the mind behind the wildly successful Beanie Baby toys, was charged with allegedly failing to report income he earned in a secret offshore Read More →
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