Christine Lagarde, the International Monetary Fund's managing director, was found guilty of criminal charges related to misusing public money during her tenure as France's finance minister, a period that included the global financial crisis, the New York Times reported.

While the verdict could force her out of the post, the Times reported, Lagarde will not face any jail time. A former attorney with the law firm of Baker and McKenzie, the 60-year-old became France's finance minister in 2007 and was named managing director of the IMF in 2011.

This article was written by a staff member of TheStreet.