USA Swimming CFO positioned on depart after arrest: stories

Dive Brief:

• The Boulder County District Attorney’s workplace in Colorado on Monday arrested Cory Randall Hilliard, a former administrator on the University of Colorado Boulder, charging he misappropriated funds for his own personal use in actions that resulted in a lack of $9,510.50 to the college, in keeping with a Monday press launch from the county.
• The district lawyer filed costs of 1 rely of theft, two of embezzlement of public property and three counts of first diploma official misconduct. The costs come after the CU Boulder Police Department performed its personal investigation and a separate college probe discovered that from 2021 to 2025 Hilliard used university-provided Nike Elite funds for himself.
• Hilliard, who’s currently CFO of USA Swimming, was positioned on depart by the game’s U.S. governing physique, in keeping with The New York Times, Associated Press and different media stories. USA Swimming didn’t reply to requests for remark.

Dive Insight:

USA Swimming employed Hilliard, 54, in December as its CFO, in keeping with the Associated Press. 

While at CU Boulder, he was the administrator of the college’s Nike Elite program, overseeing worker product profit allocations, in keeping with the DA. In July of 2025, CU Boulder Athletic Director Rick George knowledgeable the University’s Department of Internal Audit about issues round potential fiscal misconduct. 

The college’s probe reviewed its monetary data, interviewed workers within the athletics division and analyzed Hilliard’s transaction historical past in his Nike Elite account, finally confirming that the University had sustained a lack of almost $10,000. The CU Boulder Police division additionally performed its personal overview, together with overlooking monetary supplies and extra interviews.

“In any case involving possible Official Misconduct, the community trust requires a thorough investigation. So, I truly appreciate the hard work, dedication, and collaboration of the CU Police Department,” District Attorney Michael Dougherty stated in an announcement within the launch.