Remember Beanie Babies? They are still around and so is Ty Warner, the founder of the Ty company who has recently been accused of hiding $96 million in a Swiss bank account to avoid paying taxes on all the money he earned from those little plush animals.
The Plea Agreement which the judge accepted in this case against Ty Warner was based on $5 million evasion, not on the $96 million Warner clearly stashed away to avoid paying taxes.
Normally someone accused of this sort of crime is given jail time of up to 4 years, 9 months.
Warner was given probation and community service.
Bernie Madoff was given 150 years in prison for a similiar crime.
Now Ty Warner has announced the creation of Cecil the Lion Beanie Baby in memory of the beloved
13-year-old lion killed on July 2, 2015 at the Hwange National Park in
Matabeleland North, Zimbabwe.
What kind of sleazy business is this, that Warner is going to make a bunch of money off the tragic and illegal killing of this lion?
On the one hand, consumers' hearts will be touched by this little plush lion. On the other hand, consumers who purchase this plush animal will just be supporting Ty Warner and his unacceptable ability to make millions off the killing of that lion.
I guess you can tell that I am a bit incensed about this whole situation.
I clearly remember going to the Dallas Market several times where the Ty company had a large area in the Temporary Booths, roped off and secured by Security Guards. If you wanted in to check out the Ty plush, you had to wait until someone else left and you were watched carefully by the guards as if you were going to steal one of the samples.
What sort of comment is this on good faith between a manufacturer and his customers? Once again, a black eye on the face of the retail world.
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