Living dangerously in a Madoff century. For God's sake, do something!

The noblest of noble Bernard Madoff — brilliant investor (or so almost everyone including, Madoff himself, thought), do-gooder and cannot-do-no-wrong guy ran a $50 billion Ponzi scheme and got away with it for so long. This was not an exception. We are living in the century of Bernard Madoffs and his many investor friends who are the pillars of the same community they are hustling. The Security and Exchange Commission will now face an avalanche of law suits for the oversight that caused so many individuals and institutions to lose so much money. It looks like Bernard Madoff will spend some time in a minimum security prison [the other name for a clubhouse-like facility] which will be more like a slap on his wrist. For the moment he is home and confined to it, with his agreement.

Plenty of Madoffs are amidst us. Every sharp looking guy with success written all over him, is a Bernard Madoff. Pakistan is no exception. What is our SEC equivalent doing? For God's sake, do something before the Madoffs of Pakistan fly off with the riches of individual investors. It is time to look for liquidity, bank balances, details of assets, directors' account, liabilities of all sorts, etc. We also need more laws to deal with the eventualities of such schemes. Will someone do something about it? Or, will be it another eye wash like the Kalia case -- too little too late.