Here’s some advice if you’re a billionaire who wants to hide millions of dollars from the U.S. government: Make sure you have plenty of supporters who will testify about your charitable side if you eventually get caught. And if you need an appellate lawyer, hire the best.
When prosecutors challenged Ty Warner’s sentence of two years’ probation on tax evasion charges, the billionaire founder of Beanie Babies maker Ty Inc. called in former U.S. Solicitor General Paul Clement of Bancroft to handle his appeal. The choice paid off late last week, when the U.S. Court of Appeals for the Seventh Circuit agreed with Clement that Warner’s expansive charity work justified a lenient sentence.
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