Billionaire Stephen Cloobeck Kicks Eric Swalwell Out of Mansion, Wants $1M Back
Billionaire Stephen Cloobeck kicked Rep. Eric Swalwell out of his mansion and wants $1 million back from the California congressman. This happened just hours before Swalwell dropped his run for California governor.
Billionaire Stephen Cloobeck has dramatically cut all ties with Rep. Eric Swalwell, kicking the California congressman out of his mansion and demanding the return of $1 million in support.
The timing was brutal. Cloobeck went public with his decision in a scorched-earth interview with the California Post just hours before Swalwell announced he was dropping his run for California governor.
Cloobeck, described as a "lefty billionaire" who had been one of Swalwell's key financial backers, essentially told the congressman "to go to hell" according to reports. The billionaire had been letting Swalwell stay at his mansion, but that arrangement is now over.
Swalwell's political career has been crumbling rapidly. The congressman had been running for California governor but was forced to end that campaign. With major donors like Cloobeck turning against him and demanding their money back, Swalwell's political future looks increasingly uncertain.
When wealthy donors turn on politicians this dramatically, it shows major problems with their campaigns and political futures. Swalwell's political career appears to be falling apart, which could change California's political landscape.
Watch for Swalwell's response to the $1 million demand and whether other major donors follow Cloobeck's lead in cutting ties.
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