FBI searches billionaire Stephen Cloobeck's mansion in Eric Swalwell probe

FBI agents searched the Beverly Hills mansion of billionaire Stephen Cloobeck on Tuesday morning, October 27, 2026. The search is part of a federal investigation involving former US congressman Eric Swalwell. Cloobeck is a former backer of Swalwell's campaign for California governor. The FBI confirmed it was carrying out a court-approved search warrant at the home on North Roxbury Drive. It said the court papers are sealed and no arrests were planned.

What happened

Agents arrived at the estate in the morning. Several people inside were briefly handcuffed and then released. Cloobeck was not at home. "We are executing a search warrant. Court documents are sealed. No arrests are planned," FBI spokesperson Lourdes Arocho said.

Investigators have not said what they were looking for or how the house is linked to the allegations against Swalwell. Swalwell stayed at the home several times during his campaign and held political events there before the allegations became public, according to reports.

Key facts	Details
Date	Tuesday, October 27, 2026 (morning)
Location	North Roxbury Drive, Beverly Hills, California
Owner	Stephen Cloobeck, Diamond Resorts founder
Warrant	Sealed; no arrests planned
Earlier searches	Swalwell's devices seized and Washington home searched (August)

Background

Swalwell, a Democrat, represented a San Francisco Bay Area district in the House of Representatives for seven terms. In April he dropped out of the race for California governor and resigned from Congress. A former staffer had accused him of sexually assaulting her, and several other women accused him of inappropriate conduct. Swalwell denies the allegations. He said he would fight what he called a "false allegation" but accepted he had made mistakes. Democrat Aisha Wahab later won a special election to serve the rest of his term.

Other cases are running at the same time. A woman has accused Swalwell of drugging and raping her in 2018, and the Los Angeles County Sheriff's Department has passed that case to prosecutors to decide on charges. The Manhattan District Attorney's Office has confirmed it is looking into a separate claim from a former staffer about a 2024 event in New York.

In August, federal agents seized Swalwell's phone and laptop at San Francisco International Airport. The next day they searched his Washington home. Court records indicate investigators are examining whether a federal civil-rights law was broken. That law makes it a crime to deprive someone of their rights while acting under official authority.

Cloobeck, 64, made his fortune in timeshares and sold Las Vegas-based Diamond Resorts for $2.2 billion. He ran briefly for governor himself, then endorsed Swalwell and became one of his biggest funders. After the allegations emerged he cut ties with Swalwell and left the Democratic Party. Separately, Cloobeck has pleaded not guilty to felony witness-intimidation charges filed by Los Angeles County prosecutors after his arrest in May. That case involves his former fiancée.

Reactions

Cloobeck's lawyer declined to comment on the search. No public comment from Swalwell about the raid had been reported. The FBI said only that the warrant was sealed and that no arrests were planned. The search comes a week before the November 3 midterm elections, when California voters also choose a new governor.

Why it matters

The search shows the federal investigation is still active six months after Swalwell left office. It is also moving beyond Swalwell himself to people in his political circle. Any charges against a former member of Congress would be rare. With the midterms a week away, the case keeps questions about political accountability in the headlines.

What happens next

The warrant and the affidavit behind it stay sealed unless a court orders them released. Prosecutors have not said whether they will seek charges against anyone. Los Angeles prosecutors are still deciding whether to file charges in the 2018 case, and Cloobeck's own court case continues.