Billionaire Ex-Friend of Eric Swalwell ARRESTED in LA!

Billionaire Stephen Cloobeck, once a close ally and financial supporter of Congressman Eric Swalwell, has been taken into custody in Los Angeles. The arrest follows a period of public tension between the two men, which gained significant attention last month when Cloobeck publicly criticized Swalwell. Reports indicate that Cloobeck’s arrest is related to an alleged attempt to obstruct justice or prevent an action, though specific details surrounding the charges remain scarce at this time.

Cloobeck’s recent viral moment involved him vociferously accusing Swalwell of deception, a sharp turnaround from their previous association. The nature of this alleged deception and the subsequent fallout led to a public spat that captured media interest. The arrest now adds a new, serious dimension to this already high-profile situation.

Details concerning the exact circumstances of Cloobeck’s arrest, the specific charges he faces, and the timeline of events leading up to his apprehension are still emerging. The Los Angeles Police Department is reportedly handling the investigation. Further information is expected to be released as the legal process unfolds. This developing story involves a prominent businessman with known political connections and a congressman, making it a subject of significant interest for political observers and the public alike.

The incident raises questions about the nature of Cloobeck’s alleged actions that led to his arrest and the potential implications for his business dealings and public standing. It also brings renewed attention to the past relationship and recent public discord between Cloobeck and Swalwell. As more facts become available, the full scope of this legal development will become clearer.

Source: Collin Rugg

Collin Rugg: JUST IN: Billionaire Stephen Cloobeck, the former close friend and backer of Eric Swalwell, has been arrested in Los Angeles. Cloobeck went viral last month, shredding Swalwell for deceiving him. According to the California Post, Cloobeck was arrested for attempting to prevent. #breaking

— @CollinRugg May 1, 2026