{"id":131846,"date":"2026-05-13T13:46:33","date_gmt":"2026-05-13T17:46:33","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/billionaire-dem-donor-who-turned-on-party-after-allegations-against-swalwell-is-arrested-131846"},"modified":"2026-05-13T13:46:33","modified_gmt":"2026-05-13T17:46:33","slug":"billionaire-dem-donor-who-turned-on-party-after-allegations-against-swalwell-is-arrested","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/billionaire-dem-donor-who-turned-on-party-after-allegations-against-swalwell-is-arrested-131846","title":{"rendered":"Billionaire Dem donor who turned on party after allegations against Swalwell is arrested"},"content":{"rendered":"<div>\n<p>The billionaire timeshare magnate who abruptly cut ties with former Rep. <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/category\/person\/eric-swalwell\">Eric Swalwell<\/a> (D-Calif.) and kicked him out of his California mansion amid sexual misconduct allegations was arrested Tuesday.<\/p>\n<p>Stephen Cloobeck, founder of Diamond Resorts International, turned himself in to the Los Angeles Sheriff&#8217;s Department in West Hollywood on Tuesday following a warrant issued for his arrest. He is suspected of a felony charge of attempting to prevent or dissuade a victim or witness from testifying, the <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/https\/\/nypost.com\/2026\/05\/13\/us-news\/stephen-cloobeck-is-arrested-in-la-weeks-after-turning-back-on-eric-swalwell\/\">California Post<\/a> reported.<\/p>\n<p>The circumstances of the alleged crime remain unclear. He was released on $300,000 bail, according to jail records. Fox News Digital reached out to the sheriff&#8217;s department and to Cloobeck for comment.<\/p>\n<p><a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/politics\/billionaire-sugar-daddy-kicks-eric-swalwell-mansion-wants-1m-back-heinous-sex-allegations\"><strong>BILLIONAIRE SUGAR DADDY KICKS SWALWELL OUT OF HIS MANSION, WANTS $1M BACK AFTER HEINOUS SEX ALLEGATIONS<\/strong><\/a><\/p>\n<p>&#8220;These charges are false, and we look forward to our day <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/category\/entertainment\/events\/in-court\">in court<\/a>,&#8221; a spokesperson for Cloobeck told the newspaper.<\/p>\n<p>Cloobeck, a former gubernatorial candidate, most recently supported Swalwell&#8217;s bid for California governor before cutting ties with him after sexual assault allegations and leaving the Democratic Party.<\/p>\n<p><a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/politics\/dem-senator-ripped-smear-female-activist-advocating-swalwell-accusers-very-bad-look\"><strong>DEM SENATOR RIPPED FOR &#8216;SMEAR&#8217; OF FEMALE ACTIVIST ADVOCATING FOR SWALWELL&#8217;S ACCUSERS: &#8216;VERY BAD LOOK&#8217;<\/strong><\/a><\/p>\n<p>&#8220;I am no longer supporting Eric. F&#8212;ing tell everyone I\u2019m a libertarian. F&#8212; you, Democratic Party. I\u2019m a libertarian now,&#8221; Cloobeck told the Post at the time.<\/p>\n<p>&#8220;I am now a Republican,&#8221; he added to <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxla.com\/news\/eric-who-billionaire-who-backed-swalwells-campaign-disgusted-sex-assault-allegations\">Fox 11 LA<\/a>.<\/p>\n<p><a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/politics\/swalwell-calls-sexual-misconduct-allegations-flat-out-false-says-he-fight-them-with-everything\">Swalwell has denied the claims<\/a> against him in a video filmed inside Cloobeck&#8217;s home. At the time, <span suggestionid=\"841ddad8-b3dd-4815-9578-464d37dbe310\" highlighted=\"false\" suggestiontype=\"_STYLE\" isinsertion=\"false\" class=\"_suggestionUnderline_1elhj_1268 _editorialSuggestion_1elhj_1277\" data-suggestion-id=\"841ddad8-b3dd-4815-9578-464d37dbe310\" data-is-insertion=\"false\" data-suggestion-type=\"_STYLE\" data-highlighted=\"false\" contenteditable=\"false\">Cloobeck\u2014who briefly ran for governor before dropping out and endorsing his former friend\u2014said<\/span> he kicked Swalwell out of his Beverly Hills mansion, stating that Swalwell &#8220;busted the trust&#8221; between them.<\/p>\n<p>&#8220;I am no longer associated with a man that <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.foxnews.com\/politics\/5th-accuser-comes-forward-against-rep-eric-swalwell-ahead-expected-resignation\">takes advantage of women<\/a>,&#8221; Cloobeck told reporters. &#8220;I support women\u2019s rights.&#8221;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/billionaire-dem-donor-turned-party-allegations-swalwell-arrested\">Source &#8211; https:\/\/www.foxnews.com\/politics\/billionaire-dem-donor-turned-party-allegations-swalwell-arrested <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The billionaire timeshare magnate who abruptly cut ties with former Rep. Eric Swalwell (D-Calif.) and kicked him out of his California mansion amid sexual misconduct [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-131846","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Billionaire Dem donor who turned on party after allegations against Swalwell is arrested - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/billionaire-dem-donor-who-turned-on-party-after-allegations-against-swalwell-is-arrested-131846\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Dem donor who turned on party after allegations against Swalwell is arrested - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"The billionaire timeshare magnate who abruptly cut ties with former Rep. 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