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Yes he was, as well as convicted.
(He was neither, but Leftists despise Bush and have tried to popularize this smear in every venue they can find. The tenuous connection is with a man called Fritz Thyssen, who fled Nazi Germany in 1938, and of Prescott Bush's business association with him.
It is similar to claiming that George Takei was an agent of the Imperial Japanese government and an enemy spy, on the evidence that he and his family were arrested and interned in prison camps by the Roosevelt administration.)
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