Billionaire Stephen Cloobeck Cuts Ties With Eric Swalwell Over Sexual Assault Allegations
Image: TMZ

Billionaire Stephen Cloobeck Cuts Ties With Eric Swalwell Over Sexual Assault Allegations

13 April, 2026.USA.6 sources

Key Takeaways

  • Cloobeck cut ties with Swalwell and expelled him amid sexual misconduct allegations.
  • Multiple women have accused Swalwell of sexual misconduct.
  • Swalwell denies the allegations; Cloobeck publicly severed ties and cut off support.

Cloobeck Cuts Ties

Billionaire Stephen Cloobeck severed ties with Eric Swalwell amid mounting sexual assault allegations from four women.

LOS ANGELES COUNTY, Calif

FOX 11 Los AngelesFOX 11 Los Angeles

Cloobeck confronted Swalwell at his $26 million Beverly Hills mansion, ordering him to get the f--k out.

Image from FOX 11 Los Angeles
FOX 11 Los AngelesFOX 11 Los Angeles

Swalwell suspended his governor campaign and announced his resignation from Congress.

Cloobeck denied issuing any non-disclosure agreements to Swalwell's accusers.

The Manhattan District Attorney's Office launched a sexual assault investigation.

Political Fallout

The allegations triggered swift political fallout.

Swalwell dropped out of the race and resigned from Congress.

Image from National Today
National TodayNational Today

Cloobeck had donated $1 million to Swalwell's campaign.

An anonymous adviser said they were horrified, shocked and deeply disturbed.

The controversy created a void Democrats haven’t been able to figure out.

Survivor Accounts and Union Response

Survivors described scenes of workers pounding on locked metal doors.

Businessman and former supporter of Rep

NBC Los AngelesNBC Los Angeles

Nasrin Begum escaped by jumping from a second-floor window.

The Bangladesh Garment Workers' Federation called a nationwide strike.

Rahman Textile had been cited for fire safety violations in 2024.

This was not an accident. This was corporate murder.

Supply Chain Scrutiny

Rahman Textile produced clothing for several European fashion brands.

Both companies said they were deeply saddened by the deaths.

Image from New York Post
New York PostNew York Post

Hessen's compliance team had audited the factory in March.

Rahman Textile owner claimed the factory had passed its most recent safety inspection in January.

The audit system was fundamentally broken.

More on USA