As billionaire Beanie Baby creator H. Ty Warner awaits his sentence for offshore Swiss bank tax evasion, he may find solace in the sentences many similar felons are getting — probation or prison terms lighter than prosecutors wanted.
Warner, the 69-year-old hotelier and maker of plush toys, pleaded guilty Oct. 2 to tax evasion related to Swiss accounts in which he held as much as $107 million. He owes $5.6 million in taxes and a civil penalty of $53.6 million. Under advisory guidelines for his sentencing, set for Jan. 15 in Chicago, he faces 46 months to 57 months in prison.
