USA Swimming CFO Cory Hilliard positioned on go away after arrest for alleged theft, embezzlement whereas employed at University of Colorado

USA Swimming chief monetary officer Cory Hilliard was arrested in Colorado on Monday, in line with a news release from the Boulder County District Attorney’s workplace. Hilliard has been charged with theft, embezzlement and official misconduct associated to his time as an worker of the University of Colorado.

USA Swimming CEO Kevin Ring instructed Sports Illustrated’s Pat Forde that Hilliard, who was employed as CFO in December, has been positioned on go away. USA Swimming came upon in regards to the arrest on Monday and remains to be gathering data, per Forde.

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The prices towards Hilliard date again to final summer season, whereas he was the designated administrator of CU’s Nike Elite program and was answerable for “managing employee product benefit allocations,” per the discharge. He has been accused of diverting $9,510.50 in college funds for the Nike Elite program for his personal use between 2021 and 2025.

Per the discharge, CU athletic director Rick George knowledgeable the college’s inner audit division of Hilliard’s potential monetary misconduct in July 2025. The quantity allegedly stolen by Hilliard was decided by a evaluation of economic information, transaction histories and interviews with athletics workers.

Following a further investigation by the college’s police division, the Boulder DA’s workplace has filed three prices towards Hilliard: theft, embezzlement of public property and first diploma official misconduct.

Hilliard turns into the newest hiring misfire for USA Swimming. Last 12 months, Chrissi Rawak, who was alleged to take over the group as CEO, withdrew her identify after the group discovered that she had not disclosed a report from the U.S. Center for SafeSport.

After Rawak’s rent fell via, Ring was introduced on as CEO in September 2025.