Beanie Baby Billionaire Will Cop To UBS Account Tax Dodge

Law360, Chicago (September 18, 2013, 2:20 PM EDT) -- The billionaire behind the Beanie Baby stuffed toy craze will plead guilty to charges that he dodged taxes on $3.1 million of income earned in a secret account with Swiss bank UBS AG, federal prosecutors said Wednesday.

H. Ty Warner, 69, was charged Wednesday with one count of tax evasion for allegedly skipping out on nearly $900,000 of taxes in 2002, but is now cooperating with the Internal Revenue Service, according to a statement from the U.S. attorney’s office in Chicago

“Regardless of wealth, everyone must...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.