Feds: Beanie Babies creator should do prison time

By: Associated Press
By: Associated Press

CHICAGO (AP) Prosecutors say the billionaire creator of Beanie Babies should do at least some prison time for failing to report $25 million in income he hid in Swiss bank accounts.

A Tuesday filing by the government in federal court in Chicago doesn't suggest a specific length of prison time for H. Ty Warner. But it says probation asked for by the defense wouldn't be appropriate.

Prosecutors acknowledge Warner has donated millions to charity over the years. But prosecutors' filing adds, "Charity is not a get-out-jail card."

The 69-year-old pleaded guilty last year to tax evasion. The judge could sentence him for a maximum of five years in prison at next week's sentencing hearing.

Beanie Babies first appeared in the '90s, triggering a craze for the plush animal toys.

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