Sen­tence for Beanie Ba­bies cre­ator up­held

The Guardian (Charlottetown) - - BUSINESS -

CHICAGO - A fed­eral ap­peals court up­held the pro­ba­tion sen­tence Fri­day for the bil­lion­aire cre­ator of Beanie Ba­bies, re­ject­ing ar­gu­ments by fed­eral pros­e­cu­tors that he de­served prison time for hid­ing mil­lions of dol­lars in a Swiss bank ac­count. H. Ty Warner was ac­cused of evad­ing $5.6 mil­lion in U.S. taxes by con­ceal­ing as­sets. He later pleaded guilty, made full resti­tu­tion and paid a nearly $54 mil­lion civil penalty. But when the trial judge sen­tenced him to two years' pro­ba­tion, pros­e­cu­tors - who wanted Warner sen­tenced to at least a year in prison - took the rare move of ap­peal­ing the sen­tence. They ar­gued that the toy maker got off too easy given the lengths to which he went to con­ceal his crime. In its Fri­day rul­ing, the 7th U.S. Cir­cuit Court of Ap­peals said the dis­trict court did not abuse its con­sid­er­able dis­cre­tion with the sen­tence.

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