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In this Feb 16, 2003 file photo, Ty Warner, Beanie Baby creator arrives at the Toy Fair to sign "Decade," the10th anniversary baby bear in New York.

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Black eye for Beanie Babies? Toy creator charged (VIDEO)

Felonies and potential prison stints haven’t been the kinds of things associated with cute, cuddly Beanie Babies, but that changed Wednesday when the creator of the iconic stuffed toys was charged with tax evasion and agreed to pay a $53 million penalty.

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