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