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Blog Archive

Sunday, March 1

Real Estate Criminal Pardoned by Bush

Before the unlamented George W. Bush left office, he pardoned the real estate criminal Isaac Toussie of New York, New York. Then Bush was forced to rescind the pardon. In Toussie's real estate scam, 460 people were fleeced out of their life savings. Isaac is the 30-year old son of the real estate wheeler dealer Robert Toussie. The case was too hot for Bush to handle but it gives an indication of the love of the real estate bubble that existed in the Bush White House.


Toussie was sentenced to five months in prison and five months' house arrest in 2003, along with a $10,000 fine, but escaped having to pay restitution. The elder Toussie, Robert gave $28,500 to the Republican National Committee.

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