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FBI raids home of Eric Swalwell's billionaire donor · GNN Daily Breaking News

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  Speaker 1: Federal law enforcement agents executed an early morning search warrant
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  Speaker 1: Tuesday at the Beverly Hills mansion of billionaire political donor
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  Speaker 1: Stephen Klubeck as part of an expanding criminal investigation centered
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  Speaker 1: on former California Congressman Eric Swalwell. FBI personnel arrived at
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  Speaker 1: the North Roxbury Drive estate around 7 a.m. seizing electronic
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  Speaker 1: devices and records under a sealed warrant authorized in connection
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  Speaker 1: with federal probes into alleged sexual misconduct, human trafficking, and
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  Speaker 1: financial improprieties. Klobek, a prominent hospitality executive who previously allowed
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  Speaker 1: Swalwell to use the multi-million dollar property for campaign events
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  Speaker 1: and lodging, was away at the time of the operation
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  Speaker 1: and no arrests were made. The raid marks a dramatic
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  Speaker 1: expansion of the Justice Department's federal inquiry involving Swalwell, who
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  Speaker 1: resigned from the House of Representatives and abandoned his California
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  Speaker 1: gubernatorial campaign in April following multiple allegations of sexual assault
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  Speaker 1: and misconduct. Federal investigators previously searched Swalwell's Washington, D.C. residence
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  Speaker 1: and seized his electronic devices at San Francisco International Airport
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  Speaker 1: during operations in August. Court disclosures indicate that investigators are
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  Speaker 1: examining whether political funding networks, luxury properties, or personal staff
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  Speaker 1: were utilized to facilitate illegal conduct or obstruct federal oversight.
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  Speaker 1: While Klubeck initially backed the former lawmaker, the billionaire publicly
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  Speaker 1: severed ties with Swalwell earlier this year as federal grand
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  Speaker 1: juries and local prosecutors in New York and Los Angeles
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  Speaker 1: opened formal investigations. Legal representatives for Klubeck and Swalwell declined
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  Speaker 1: to comment on the Beverly Hills search, while FBI spokespersons
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  Speaker 1: confirmed that agents executed a court-authorized operation in the Los
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  Speaker 1: Angeles area as part of an active criminal probe. Federal
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  Speaker 1: officials have not formally filed criminal charges against either individual,
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  Speaker 1: noting that search warrants remain under judicial seal. The high-profile
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  Speaker 1: law enforcement action arrived six days before the November 3
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  Speaker 1: midterm elections, fueling ongoing political debates over judicial oversight, executive
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  Speaker 1: law enforcement actions, and ethics accountability in Washington. As federal
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  Speaker 1: grand juries evaluate evidence in multiple jurisdictions, the rate highlights
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  Speaker 1: how ongoing legal challenges involving former congressional leaders continued to
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  Speaker 1: reverberate across the national political landscape in the final sprint
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  Speaker 1: to Election Day.