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May 19, 2011 2:37 pm

DSK Steps Down as IMF Chief

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Epoch Times – Dominique Strauss-Kahn, the head of the International Monetary Fund, announced on Thursday that he is resigning from his post amid allegations that he sexually assaulted a maid in a New York City hotel.

The IMF did not immediately name a successor and said John Lipsky, a top economist at JPMorgan Chase and Co., will remain the acting head of the institution.

Denying all the charges against him, Strauss-Kahn has been imprisoned in Rikers Island since Monday after a judge said that he could not post a $1 million dollar bail.

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