Beanie Babies Billionaire Avoids Prison for Tax Evasion

, The Litigation Daily

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Ty Warner dodged a potential jail term for tax evasion on Tuesday, instead earning two years of probation for hiding millions from the IRS. The decision is a relief for Warner, whose tiny stuffed animals were a defining toy craze of the 1990s, and a win for his lawyers at Scandaglia & Ryan, Caplin & Drysdale and Kirkland & Ellis.

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