USA Swimming CFO Cory Hilliard Arrested; Charged with Theft

USA Swimming CFO Cory Hilliard Arrested; Charged on Three Counts, Including Theft and Embezzlement

Cory Hilliard, USA Swimming’s Chief Financial Officer (CFO), was arrested on Monday morning and charged with three counts associated to the misappropriation of funds throughout his tenure on the University of Colorado Boulder. Hilliard was employed as CFO of USA Swimming in December, taking the place after working for the University of Colorado for 18 years, together with as Senior Associate Athletic Director for Business Operations/CFO.

An inside audit and investigations by the University of Colorado led to the University of Colorado Boulder Police Department conducting a felony investigation into Hilliard, who’s alleged to have misappropriated $9,510.50 whereas with the college. A press launch from the Boulder County District Attorney’s Office states:

“The University of Colorado Boulder investigation revealed that between 2021 and 2025, Hilliard misappropriated University‑provided Nike Elite funds for his personal use, which is a violation of the agreement. The University of Colorado Boulder conducted a detailed review that included financial records, interviews with Athletics Department personnel, and analysis of transaction histories associated with Hilliard’s Nike Elite account. Ultimately, the investigation determined that Hilliard’s actions resulted in a confirmed loss of $9,510.50 to the University.”

USA Swimming responded to the arrest on Monday morning with its personal assertion. The group is serving as host of the Pan Pacific Championships, which obtained underway on Monday with open-water swimming in Long Beach, California. The pool competitors will probably be held from Aug. 12-15 in Irvine, California.

“This morning, we became aware that Cory Hilliard was arrested on charges of financial impropriety related to his time with the University of Colorado Boulder Athletic Department,” USA Swimming stated in an announcement supplied to Swimming World. “We immediately placed Cory on leave and terminated all access to any company data and financial controls. We are now conducting an investigation.”

The 54-year-old Hilliard was charged with the next:

According to the press launch from the Boulder County District Attorney’s Office, on July 22, 2025, Colorado Boulder Athletic Director Rick George notified the the college’s Department of Internal Audits of considerations of potential fiscal misconduct by Hillard.

Boulder County Press Release