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Beanie Babies Creator

Dodges Jail Time

For Tax Cheating

1/14/2014 9:00 AM PST BY TMZ STAFF
breaking news

0114-ty-warner-getty-beanie-babies
Sorry, kids, there won't be a jailbird "Beanie Baby" after all ... the billionaire creator of the cuddly plush toys just got sentenced for tax evasion ... and managed to escape jail time.

A judge sentenced Ty Warner to 2 years probation -- despite a bid by prosecutors for a prison sentence -- after the 69-year-old admitted he failed to report more than $24 mil in income between 1996 to 2008.

The judge said he went easy on Warner -- who's worth a reported $2.3 BILLION --partly because of his charitable "acts of kindness, benevolence and generosity."

Warner said he was full of "shame and embarrassment" ... but he wasn't let off the hook completely ... he's been ordered to pay a $53 million fine ... and perform 500 hours of community service.

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22 COMMENTS

No Avatar

1.

rob    

Did anybody really think a billionaire was going to jail? This is America, billionaires don't go to jail.

218 days ago
2.

Kelly    

Very, very BAD DOCS!

218 days ago
3.

Fred Thompson    

$53 million fine? Might as well have actually slapped him on the wrist and sent him home - that's about the same punishment.

218 days ago
4.

Mikey    

A mere bag of shells.

218 days ago
5.

JA    

Still, $53,000,000.00
Wow! That's more than double the original debt.
Don't mess with Uncle Sam

218 days ago
6.

Your S&M Girlfriend    

If he is so benevolent he should tell people who his plastic surgeon is so they make sure not to go to her or him. Someone hacked him up bad.

218 days ago
7.

BLUE UGLY 💩    

Definitely a pole smoker

218 days ago
8.

Carl    

It is easy for a rich person to be generous. I person living paycheck to paycheck that did the same thing would probably get in more trouble since he couldn't afford to be giving large amounts of money to charity.

218 days ago
9.

Dave    

Rich person justice in America. Remember that next time you are on a jury.

218 days ago
10.

kitnplayn    

It's a damn good thing he isn't black, or he would have gotten the electric chair.

218 days ago
11.

billy    

Tomorrow's NY Post headline...

Benevolent Beanie Baby Billionaire Beats Being ButtFed Behind Bars

218 days ago
12.

KellyBFan    

american justice ... the rich go free, the poor rot in jail

218 days ago
13.

Clytemnestra    

Not an unexpected outcome, right? Incidentally, this guy's face is as tight as any in Hollywood. Yikes!

218 days ago
14.

Pure Evil    

He should move to another country where the gov doesn't rape their citizens with obscene taxes.

218 days ago
15.

Mr. Pukey    

Now this is a face that has been pounded by a few wieners!

216 days ago

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