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April 22, 2007



in 1989 i ran a spotlight for an advertising awards dinner that Milton Berle was hosting. he was far from charming. we had a "discussion" about what kind of light i was running and he liked it at half intensity so he could see his public. everytime i answered him i was treated to witty stuff like "look kid, i have sox as old as you".

no wonder hes dead....



Hey Kliph,

So if I understand this sordid noir'ish little tale correctly; Murray Pezim and his mob buddies were running a fraudulent business scam. They created a public company, Pezamerica, ran up huge debts while short selling their own stock through some kind of cutout. I'm guessing that the money going into the company was being laundered, hence the profligrate spending patterns ( now there are legal receipts and assets for what was once dirty money ). You've got to wonder who would go long on such a company, but the market being what it is I suppose anything is possible. Did the engineer ever wise up? It sounds like he's still mystified by their behaviour.

Really, it sounds like you have the makings of a nice screenplay here. You might try to get the SEC filings from Pezamerica, that'd fill in a lot more blanks. I'm not sure who retains those documents, I know the EDGAR system only goes back into the '90s.


What Kliph didn't really mention - though it was implied - was that Murray Pezim was one of the most well-known businessmen/wheeler-dealers/stock-promoters in Vancouver's history. For a couple of decades - in the 80s and 90s - he regularly made the news for some new venture, or for angering the provincial SEC. What a character.

Treasure News


Theory points to possible connection with nearby Birch Island











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