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USA Swimming chief monetary officer Cory Hilliard resigned from his place Tuesday, a day after his arrest on theft and embezzlement prices.
Hilliard was arrested in Colorado on Monday, in response to 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.
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USA Swimming CEO Kevin Ring informed Sports Illustrated’s Pat Forde on Monday that Hilliard, who was employed as CFO in December, was positioned positioned on go away. Forde reported the news of Hilliard’s resignation on Tuesday.
The prices in opposition to Hilliard date again to final summer time, whereas he was the designated administrator of CU’s Nike Elite program and was in control of “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 inside audit division of Hilliard’s potential monetary misconduct in July 2025. The quantity allegedly stolen by Hilliard was decided by a assessment of economic information, transaction histories and interviews with athletics workers.
Following an extra investigation by the college’s police division, the Boulder DA’s workplace has filed three prices in opposition to Hilliard: theft, embezzlement of public property and first diploma official misconduct.
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Hilliard turns into the most recent hiring misfire for USA Swimming. Last 12 months, Chrissi Rawak, who was purported to take over the group as CEO, withdrew her title after the group discovered that she had not disclosed a report from the U.S. Center for SafeSport.
After Rawak’s rent fell by, Ring was introduced on as CEO in September 2025.
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