USA Swimming CFO arrested for theft, embezzlement

COLORADO SPRINGS, Colo. – USA Swimming has positioned its chief monetary officer on depart after studying that he was arrested in Colorado on allegations that he improperly used cash tied to a college athletic program.

USA Swimming CFO arrested, placed on depart

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Cory Hilliard, 54, was arrested and faces costs of theft, embezzlement of public property, and first-degree official misconduct, stemming from his earlier place within the University of Colorado’s athletic division. 

Prosecutors in Boulder County allege that Hilliard misappropriated funds from the college’s Nike Elite program for private use, leading to $9,510.50 in losses to the college.

Hilliard had been liable for managing worker product advantages throughout the program, in line with the Boulder County District Attorney’s Office.

What they’re saying:

USA Swimming mentioned Monday that it discovered of the arrest that day and “immediately placed Cory on leave and terminated all access to any company data and financial controls” whereas it begins its personal investigation.

Boulder County District Attorney Michael Dougherty said, “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.”

USA Swimming oversees the game from the grassroots to the Olympic degree within the U.S. 

Another setback for USA Swimming

The backstory:

Hilliard joined USA Swimming as CFO in December, changing into one of many first executives employed after Kevin Ring turned CEO final September. At the time, Ring praised Hilliard for his monetary experience and described him as a pacesetter dedicated to transparency.

“Cory brings extraordinary financial discipline, operational expertise, and a strong track record of transparent leadership,” Ring mentioned on the time.

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The arrest creates one other setback for a corporation that has undergone vital management modifications in recent times.

Ring took over as CEO after Chrissi Rawak left the place lower than two weeks into her tenure. USA Swimming mentioned on the time that it had discovered Rawak was the topic of a criticism on the U.S. Center for SafeSport. 

Hilliard didn’t instantly reply to a request for remark despatched to his USA Swimming electronic mail. 

Crime and Public SafetySportsU.S.Colorado