USA Swimming Places CFO on Leave After Learning of Arrest for Embezzlement While Working at CU
Authorities say Hilliard misappropriated $9,510.50 in university funds and USA Swimming placed him on leave during its investigation.
- On Monday, August 10, 2026, authorities arrested New USA Swimming Chief Financial Officer Cory Hilliard in Colorado on charges of theft and embezzlement. The Boulder District Attorney alleges Hilliard misappropriated $9,510 from the University of Colorado's Nike Elite program between 2021 and 2025.
- The investigation began in July 2025 after University of Colorado athletic director Rick George alerted the Department of Internal Audit to potential misconduct. "The CU Boulder Police Department conducted its own independent investigation," leading to the recent criminal charges.
- USA Swimming, which hired Hilliard last December, placed the executive on leave Monday following the arrest. The organization terminated his access to all company data and financial controls while conducting its own internal investigation.
- Hilliard joined USA Swimming after spending 18 years with the University of Colorado Boulder. He was one of the first major hires made by CEO Kevin Ring, who assumed his leadership role last September.
- This development follows recent leadership turnover, including CEO Kevin Ring's hiring six months after Delaware athletic director Chrissi Rawak resigned less than 10 days into the CEO position following a complaint at the U.S. Center for SafeSport.
37 Articles
37 Articles
USA Swimming CFO Charged With Theft, Embezzlement While Working In Colorado Athletics Department
Cory Hilliard, USA Swimming’s CFO, has reportedly resigned after authorities charged him with theft and embezzlement for alleged crimes he committed while working as an administrator in the University of Colorado athletics department. Prosecutors have accused him of misusing thousands of dollars in merchandise credits while working for the institution. The Boulder District Attorney’s Office […] The post USA Swimming CFO Charged With Theft, Embez…
USA Swimming CFO Hilliard placed on leave after arrest for embezzlement while working at University of Colorado
USA Swimming placed its chief financial officer, Cory Hilliard, on leave Monday after learning of his arrest on charges of theft and embezzlement at his previous job as an administrator in the University of Colorado athletic department.
Associated Press News
USA Swimming places CFO on leave after learning of arrest for embezzlement while working at CU
USA Swimming placed its chief financial officer, Cory Hilliard, on leave after learning of his arrest on charges of theft and embezzlement at his previous job as an administrator in the University of Colorado athletic department.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
