The Daily News is reporting “The Metropolitan Council on Jewish Poverty, whose CEO was [convicted of] theft last year, is looking to dismantle its services and hand off programs to other groups, sources said.

“… [O]fficials were huddling with other Jewish nonprofit leaders on the shutdown plan Thursday – the same day Assembly Speaker Sheldon Silver, who has close ties to the group, was arrested in a corruption scheme.”

In a statement made yesterday, Met Council said that it was “fiscally sound” and was working with UJA-Federation of New York and state and local government to determine its future.

“Our top priority will be to identify those partners that can most effectively meet the needs of our clients in the years ahead,” the statement read.

Met Council and its nearly 30 nonprofit subsidiaries spent $112 million and received $90 million from the government in 2012. The group owns more than 25 low-income housing developments and operates soup kitchens and social service outreach centers.