Get sick, get well
Hang around a ink well
Ring bell, hard to tell
If anything is goin' to sell
-- Bob Dylan

Wednesday, September 18, 2013

Billionaire charter supporter Ty Warner, busted for tax evasion.

Ty Warner

Ty Warner, the Beanie Babies billionaire who's fond of driving his white Rolls-Royce Silver Shadow convertible and arriving for appointments wearing a fur coat, a top hat and carrying a cane, has been busted for tax evasion. Yay!

It seems he tried to hide hundreds of millions in secret Swiss bank accounts to avoid paying taxes. But don't worry about him.  All he had to do was agree to a $53 million settlement which will likely make the whole thing go away.

Duncan and Agassi
While Warner doesn't like to pay any taxes, he does invest millions in privately-run charter schools through the Andre Agassi Foundation. Aggasi, the former tennis pro, has become a big-time charter school entrepreneur and a fav of Ed Sec Arne Duncan. Warner took about $6 million out of his secret Swiss account and gave it to Aggasi to help promote his Rocketship Charters.

Warner already was in trouble with Michelle Obama for marketing a line of black Beanie Babies named "Sweet Sasha” and “Marvelous Malia.”

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