facebook
twitter
search
search

Beanie Babies creator's sentence appealed in filing

Federal prosecutors say Beanie Babies creator Ty Warner should have gotten prison time for tax evasion/
By Danielle Haynes Follow @DanielleHaynes1 Contact the Author   |   May 10, 2014 at 1:03 PM

CHICAGO, May 10 (UPI) -- Federal prosecutors officially filed an appeal of the sentence of Beanie Babies creator Ty Warner, who received probation for tax evasion.

Warner received 500 hours of community service and two years probation in January after pleading guilty in October to using a Swiss bank account to evade millions of dollars in taxes.

He also had to pay $27 million in back taxes and interest, and $53.6 million in penalties.

Sentencing guidelines recommended 46 to 57 months of prison time for the crime, and prosecutors argued for at least a year in jail.

At the time of sentencing, U.S. District Judge Charles Kocoras said Warner's time would be better served out of jail so the billionaire could continue to do charitable work.

Prosecutors argued that others convicted of the same crime for smaller amounts of money got prison time. They also said Warner's embarrassment of prison time shouldn't be taken into consideration.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Islamic State re-captures part of key Kurdish-held border town in Syria
Demand for mobile phones in North Korea means two per household
Volcanic eruption alerts authorities in Japan
Girl Scouts chapter returns $100K donation that excluded transgender girls
More than 1,000 prisoners, some al-Qaida, escape Yemeni prison