[4] The British journalist Bob Mackin wrote about Pezim: ""The Pez" was the quintessential Howe Street wheeler-dealer known for smoking cigars, promoting his latest get-rich-quick scheme and womanizing.

He flogged Vita Pez pep pills and audio tape greeting cards through Pezzaz Productions, a subsidiary of Pezamerica.

"[4] In 1973, the Royal Canadian Mounted Police estimated that between 20%-30% of the stocks of the companies listed in the VSE were involved in some sort of fraud.

[5] A 1994 report by James Matkin (Vancouver Stock Exchange & Securities Regulation Commission) made reference to "shams, swindles and market manipulations" within the VSE.

Securities Commission in charge of regulating the Vancouver Stock Exchange complained that many wealthy businessmen are quite willing to do business with the Angels and that "We understand the biker gangs are behind a lot of stuff [fraud] we've seen.

[8] The dubious reputation of the VSE made investors unwilling to put their money into stocks in the "scam capital of the world", and led to the VSE to go into a major decline by the 1990s as investors much preferred the better regulated Toronto stock exchange.

[5] The journalist Clyde Woolman wrote: "The often swashbuckling, sometimes outrageous style of the likes of Nelson Skalbania and Murray Pezim sucked up newspaper print and did nothing to alter the exchange's image".