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NJ launches fraud probe into Indian American dance academy owner
State regulators issued an emergency cease-and-desist order against Morris County-based Arya International and its owner over an alleged unregistered securities scheme.
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Anushka Pathak - Fri, 27, Feb 2026
- 13:36 EST
- 55
Representative image / Courtesy: AI-generated
New Jersey authorities have launched an emergency fraud investigation into Rupal Patel, owner of Arya International, a Morris County-based South Asian dance academy, over an alleged US $5.4 million investment scheme.
On Feb. 25, the New Jersey Bureau of Securities issued a Summary Cease and Desist Order directing Patel and the academy, operating as Mystical Stars and formerly known as Arya International, to immediately stop selling unregistered promissory notes and cease misleading investors.
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