The head of the International Monetary Fund, Christine Lagarde, has been convicted of criminal charges in a French court. She could face up to a year in prison. Here is the New York Times:
PARIS — Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her post. Ms. Lagarde, who began her second five-year term at the I.M.F. in February, faces a fine of up to 15,000 euros, or $15,700, and up to one year in jail. The scandal has overshadowed her work at the fund, to which she was appointed in 2011, after Dominique Strauss-Kahn resigned as managing director when he was accused of having sexually assaulted a maid in a New York City hotel.
The Times has more here.
