The U.S. Attorney's Office in Chicago did not mention a $53 million penalty in its news release. Scandaglia described it as "a civil penalty ... for failure to file a Foreign Bank Account Report."
Warner would appear to be in a position to pay: Forbes recently estimated his net worth at $2.6 billion.
His legal troubles could put off some Beanie Babies fans or would-be business partners, potentially denting profits, Adamson said.
"People are risk averse," he said. "If there's negative buzz around something, they can choose something else."
But people generally don't associate Warner's name with his product, so branding expert Laura Ries doesn't think the case will keep lovers of the toys away.
"People may not buy (a Beanie Babies toy) because it's not as cool as it was," said Ries of the Atlanta firm Ries & Ries. "But I don't think consumers care the owner didn't pay his taxes and is in big legal trouble."
Warner's arraignment is scheduled for Oct. 2.
Follow Michael Tarm at www.twitter.com/mtarm .
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