Biggest LBO ever ran aground after a wave of deregulation.

Both Jon Corzine, former CEO, and Edith O'Brien, former assistant treasurer of now-defunct MF Global, are being sued by the CFTC for misuse of customer funds.

Both Jon Corzine, former CEO, and Edith O'Brien, former assistant treasurer of now-defunct MF Global, are being sued by the CFTC for misuse of customer funds.

CFO Steenkamp and COO Abelow are also named in Freehs lawsuit.

CFO Steenkamp and COO Abelow are also named in Freehs lawsuit.

CEO knew firms capital and liquidity assumptions were fatally flawed, Freeh says.