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South Asian Dance Academy Fraud: NJ Halts $5.4M “Family & Friends” Investment Scheme

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NJ Dance Academy Owner Accused of Preying on Students’ Families in $5.4M Fraud

thge staff of the Ridgewood blog

Parsippany, NJ, a popular South Asian dance institution is under fire after New Jersey authorities uncovered a massive, nationwide investment fraud. The New Jersey Bureau of Securities has issued an emergency order to stop Arya International and its owner, Rupal K. Patel, from continuing a scheme that allegedly defrauded dozens of families out of millions of dollars.

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