USA Swimming CFO arrested for theft from Colorado Nike Elite program

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USA Swimming’s CFO has been arrested and charged with theft and embezzlement from his time overseeing a Nike program on the University of Colorado, based on native authorities.

Boulder County released a statement on Monday, Aug. 10 that mentioned Cory Randall Hilliard was taken into custody after allegedly funneling $9,510.50 away from the college. He is being accused of violating his settlement to supervise the varsity’s Nike Elite program by utilizing cash supposed for this system on private bills.

The assertion mentioned that in July 2025, the varsity’s athletic director, Rick George, alerted the Department of Internal Audit of attainable misconduct by Hilliard. By analyzing monetary data and transaction historical past and conducting interviews with members of the athletic division, the college’s investigation “revealed that between 2021 and 2025, Hilliard misappropriated University‑provided Nike Elite funds for his personal use.”

“The CU Boulder Police Department conducted its own independent investigation” and located trigger to arrest Hilliard. The District Attorney’s Office charged him with one rely of theft, one rely of embezzlement of public property and one rely of first diploma official misconduct.

Hilliard was named the Chief Financial Officer of USA Swimming in December after he spent 18 years with the University of Colorado Boulder. His final place with the varsity was Senior Associate Athletic Director for Business Operations and CFO.

USA Swimming informed USA TODAY Sports that the group instantly positioned Hilliard on depart after listening to the information of his arrest.

“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 mentioned in its assertion. “We immediately placed Cory on leave and terminated all access to any company data and financial controls. We are now conducting an investigation.”

This week marks the beginning of the 2026 Pan Pacific Championships in Irvine, California.

Contributing: Brent Schrotenboer


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