Billionaire ‘Fad’ Toy Maker Prosecuted for Tax Evasion
In my middle-cIass life there are some things that I just don't get. Many of us struggle to make money, pay the bills, heat the house, and eat, yet we hear of stories of those with enormous amounts of money who decide that taxes are a nuisance to bother to pay. Well, one billionaire won't get away with it.
We all remember the Beanie Babies toy craze from the early nineties. Thinking that they would be a rare item, people got caught up buying as much as they possibly could in hopes of making money somewhere down the road. As it turned out, the only person making money was the creator, Ty Warner. If you got caught up in the craze in the collectibles and spent money that you'll never recover, it may comfort you to know that Mr. Warner has been prosecuted for tax evasion.