Billionaire Stephen Cloobeck has severed ties with former California Rep. Eric Swalwell and left the Democratic Party following allegations of sexual misconduct against Swalwell. Cloobeck, who had backed Swalwell’s gubernatorial campaign, publicly denounced the congressman and expelled him from his Beverly Hills mansion.
Immediate Action & Core Facts
Cloobeck announced he was no longer a Democrat and had switched to a Libertarian-Republican affiliation. He also confirmed that Swalwell would no longer be welcome at his residence. Swalwell, facing multiple allegations, suspended his gubernatorial campaign and resigned from Congress.
Deeper Dive & Context
Background on Support and Fallout
Cloobeck had donated over $1 million to Swalwell’s campaigns and provided gifts, including a $39,900 flight to France. He previously referred to Swalwell as his "little brother" but expressed shock and disappointment upon learning of the allegations.
Swalwell’s Response
Swalwell denied the allegations in a video posted from Cloobeck’s mansion, calling them "flat false." He acknowledged past "mistakes in judgment" but vowed to fight the claims. His resignation from Congress followed shortly after.
Cloobeck’s Motivations
Cloobeck cited concerns over integrity, morals, and ethics, stating he could no longer support Swalwell. He also expressed concern for Swalwell’s mental health but emphasized his disappointment in the congressman’s actions.
Political Implications
Cloobeck’s departure from the Democratic Party and his shift to a Libertarian-Republican stance highlight growing divisions within the party. His decision to back Swalwell initially and then abandon him underscores the impact of the allegations on political alliances.
Legal and Ethical Scrutiny
Swalwell faces a House Ethics probe over the allegations, which could lead to expulsion. The fallout has raised questions about the vetting process for political candidates and the influence of wealthy donors in elections.