Have you ever wondered why the Beanie Babies had a heart-shaped tag with “TY” written on them? It's because of creator H. Ty Warner.
Ty Warner, creator of Beanie Babies toys, shakes hands in a rare appearance to celebrate the 10th anniversary of the Beanie Babies toy line at the American International Toy Fair on Feb. 16, 2003 in NYC.In 2013, Warner was charged with federal tax evasion for failing to report income earned in Switzerland-based banks, perIn 2014, he was convicted of tax evasion and paid a $53 million fine. He was also sentenced to two years probation for failing to report more than $24.
“I applaud the filmmakers for capturing the unprecedented energy and excitement — though not the facts — surrounding the original release of Beanie Babies 30 years ago,” he said in a“The movie is, by its own admission, partly fiction. But, like the filmmakers, I am in the business of dreams, and I admire their creative spirit.”
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