Albert Nipon: Fashion Fraud, A dress designer's tax woes

A dress designer's tax woes

Albert Nipon, then a manufacturer of staid maternity clothes, became the talk of the fashion world in the early 1970s when he introduced a line of ultra-feminine dresses. When the fashions appeared, everyone else was selling sportswear and jeans, but the carefully tailored garments were quickly snapped up by Saks Fifth Avenue, Neiman-Marcus and other tony department stores. The onetime Du Pont accountant was on his way. Sales of Nipon's dresses (price: $100 to $2,000) this year are expected to reach $60 million, and he has collected a clutch of celebrity customers, including Mary Tyler Moore, Barbara...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!