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Twitter plans $1B stock market launch under TWTR symbol
CHICAGO, Oct. 2 (UPI) -- Ty Warner, whose little Beanie Babies plush toys made him rich, pleaded guilty in Chicago Wednesday to evading millions of dollars in federal taxes.
The 69-year-old, Chicago-area, multibillionaire college dropout admitted in U.S. District Court he didn't report $24.4 million in income from 1999 to 2007 and failed to pay $5.6 million in taxes, the Chicago Tribune reported.
Under his plea agreement, Warner faces 46 to 57 months in prison when he is sentenced Jan. 15. His attorney said he also would pay $53.5 million in civil penalties for not disclosing his foreign accounts.
"When I signed those returns, I knew those moneys were missing," Warner said in court. "It was not accurate. I apologize for my conduct.
"I made a mistake. I'm pleading guilty because I am guilty."
Warner's net worth is estimated at $2.6 billion, and his attorney told the Tribune the businessman has paid more than $1 billion in federal taxes during his lifetime.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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