Business Beanie Babies Creator Gets Probation WTTW News | January 14, 2014, 1:27 pm Billionaire Beanie Babies creator Ty Warner evades prison over his conviction of hiding money overseas. Paris Schutz explains why. Thanks to our sponsors: View all sponsors Thanks to our sponsors: View all sponsors Related Links USA Today article on Beanie Babies creator gets probation, no prison Chicago Tribune article on Beanie Babies creator Ty Warner gets 2 years probation for tax evasion Chicago Tonight: Government Crackdown on Tax Evaders Tags Ty Warner Beanie Babies Creator Taxes Evasion Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. View the discussion thread.