Annual Chamber Boarding Meeting on October 18

Three members associated with the Savani Group were convicted for running an extensive racketeering scheme involving visa fraud, healthcare fraud, money laundering, tax evasion, mail fraud, FDCA violations, among other charges in Philadelphia on Mar. 9. Authorities say millions were stolen from government programs through these schemes.

Par Funding has pleaded guilty to conspiracy charges tied to defrauding investors out of hundreds of millions of dollars. Several top executives have also been convicted or sentenced as part of this wide-ranging scheme.

Out of the $55.2 billion in total tax revenue collected by Pennsylvania in 2024, $5 billion came from corporation net income taxes, representing a decrease from the previous year, when the total was $5.7 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).