Ty Warner

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 --…

Billionaire "Beanie Babies" creator Ty Warner better hope he didn't take the tags off any of his stuffed toys -- Nana the Monkey, anyone? -- because he just got slammed with a $53.5 million penalty for tax evasion. Warner -- worth a reported $2.3 billion -- was charged with federal tax evasion…