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You are here: Home / Billionaire Lifestyle / Billionaires Who Cheated On Their Taxes

Billionaire Lifestyle

Billionaires Who Cheated On Their Taxes

Ty Warner

Ty Warner made his wealth through Beanie Babies and real estate. Beanie Babies are a line of popular stuffed animals. They became a worldwide craze after their 1993 debut. Warner hid around $107 million in an offshore account at a point in the 1990s or 2000s. Later he pleaded guilty to tax evasion and agreed to pay $53 million in civil penalties.

Ty Warner
via wikipedia.org

Silvio Berlusconi

Former Italian prime minister received a guilty verdict on tax fraud in 2012 after facing dozens of court appearances over the decades. He and few others had bought the broadcast rights to thousands of American movies through offshore companies and then falsely declared the payment amounts to skirt taxes.

Silvio Berlusconi
via wikipedia.org
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Feb 20, 2015 by Daniel Johnson Leave a Comment

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