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NewsThe San Francisco StandardOctober 27, 2026San Francisco County

Inside the FBI-Raided Beverly Hills Mansion of Billionaire Stephen Cloobeck, Linked to Eric Swalwell

Photo: The San Francisco Standard

The FBI raided the 30,000-square-foot Beverly Hills home of billionaire developer and former gubernatorial candidate Stephen Cloobeck in connection with an ongoing investigation into former congressman Eric Swalwell. The article details Cloobeck's extravagant mansion, his short-lived Democratic gubernatorial campaign, and his once-close ties to Swalwell that frayed following sexual assault allegations against the former congressman.

Campaigns and ElectionsLaw Enforcement
Read the full story at The San Francisco Standard

Why It Matters

Federal investigators have targeted properties and digital devices connected to high-profile political figures in California, casting a spotlight on billionaire donor networks and state political campaigns.

Key Facts

  • The FBI raided the Beverly Hills mansion of billionaire developer Stephen Cloobeck in connection to an investigation into former congressman Eric Swalwell.
  • Federal authorities stopped Eric Swalwell at San Francisco International Airport in August, searched his Washington, D.C., residence, and seized his cellphone.
  • Stephen Cloobeck previously ran in the crowded Democratic primary for governor, polling at less than 2% before dropping out and endorsing Swalwell.
  • During his campaign, Cloobeck paid more than 200 young people to attend the state Democratic convention wearing T-shirts that said 'California, get a Cloo.'
  • Swalwell dropped out of the California governor’s race in April after being accused of sexual assault, allegations which he has denied.
  • Cloobeck's 30,000-square-foot mansion features an 18-foot chandelier with 350 hand-blown glass butterflies, a lifesize Iron Man suit, and a basement hangout named 'Clooby's Cave.'

Who's Mentioned

PersonDonald Trump“Former U.S. President whose escalator descent was compared to Cloobeck's stairs.”PersonBarack Obama“Former U.S. President pictured with Cloobeck.”PersonStephen Cloobeck“Founder of Diamond Resorts International and former candidate in the California ”locationSan Francisco International Airport“Airport where federal authorities intercepted Swalwell.”locationBeverly Hills“City in California where the 30,000-square-foot home is located.”OrganizationDiamond Resorts International“Company associated with Cloobeck's billionaire status.”PersonBill Clinton“Former U.S. President pictured with Cloobeck.”PersonHillary Clinton“Former U.S. property/political figure pictured with Cloobeck.”locationWashington, D.C.“City where federal authorities searched Swalwell's home.”PersonEric Swalwell“Accused of sexual assault in April, dropped out of the governor's race, and had ”PersonErnie Banks“Baseball star pictured with Cloobeck.”