ReferIndia News $5.4 M dance studio fraud? Indian American business owner hit with cease-and-desist order

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$5.4 M dance studio fraud? Indian American business owner hit with cease-and-desist order

Published on: March 1, 2026, 6:07 a.m. | Source: The Financial Express

The US authorities are investigating an Indian-origin business owner’s dance studio in New Jersey for fraud. The owner, Rupal Patel, is accused of raising over $5.4 million from 74 investors through unregistered securities and exploiting her students’ friends and family. She and her business, Arya International, are charged with violating securities laws. | financialexpress.com

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