“The creator of the wildly popular Beanie Babies toy line agreed to plead guilty to felony tax evasion charges and will pay a $53.5 million penalty as part of a settlement agreement, the Chicago Tribune reported on Wednesday. Prosecutors accused Warner of failing to notify his accountants about both a Swiss bank account and the $3.1 million in foreign income it generated. He subsequently did not disclose that income in his 2002 tax return, enabling him to avoid paying $885,300 in taxes for that year. UBS revealed Warner’s account as part of a 2009 agreement with the IRS after admitting that it helped U.S. clients hide their accounts.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bureaucrat Who Concocted Annoying Password Rules Now Regrets It
Cannabis Set to Cause a World of Pain for Big Pharma
"If Quoting the Constitution Makes Me a Terrorist, We Are in Hitler's America"
U.S. Courts Penetrate Domestic Asset Protection Trusts
Jesse Jackson Jr. sentenced to 30 months in federal prison
China Takes Another Stab At The Dollar, Launches Currency Swap Line With France
Former Cheney aide demands Syria ‘exit strategy’ from Obama
Philippines to disband anti-drug death squads after killing South Korean businessman
Ted Cruz: Will Obama do background checks before giving arms to Syrian rebels?
Why Using Bitcoin Could Make a Target-Style Data Breach Obsolete
If Nook goes bust, will your e-books survive?
BitPay Opens Offices in San Francisco and New York
The Michael Hastings Wreck: Video Evidence Only Deepens The Mystery
Kotlikoff on Unfunded Federal Liabilities, 2013: $205 Trillion
The Purpose of Government is to Exploit -- and Exacerbate -- a Crisis