I believe in personal responsibility too, however it is a shame that holding the buffoons responsible for running schemes by giving them time in prison and taking any proceeds is difficult. It takes years to gather evidence, organize evidence for a coherent case, indict the offenders, try the individuals in court, and finally allow these offenders to run through their appeals and complete their sentence.
I suppose the alternative, taking these individuals into an alley and ensuring they do not leave said alley might seem faster and more just, however, I doubt that society would be even be livable, much less better, if justice were dispensed in this manner.
Removing apparently ineffective consumer protections might seem like a good idea when incidents like this appear. I can assure you that without government enforcing at least some order there is only one way to go, down, way way down.