Not the first time the IMF chief has made a “serious error in judgment”.

In 2008, he had a relationship with Piroska Nagy, a female economist at the IMF, who quit in August of that year. An investigation by the IMF board, released in October 2008, concluded that while he had made a “serious error of judgment,” he shouldn’t be fired.

Strauss-Kahn apologized to his staff and family, which includes his third wife, French television journalist Anne Sinclair, and four children from his previous marriages.

John Lipsky will take act as interim managing director while Strauss-Kahn is jammed up…