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Former Colorado employee admits to misusing Nike funds before USA Swimming role

Yahoo Sports • 1 min read • Latest: Sep 17, 2026, 7:15 AM

Last updated Sep 17, 2026

Former Colorado employee admits to misusing Nike funds before USA Swimming role
Summary

Cory Randall Hilliard, a former employee of the University of Colorado athletics department, admitted to misusing $9,500 in Nike funds. His admission came during a university audit on July 30, 2025, four months before he became the CFO of USA Swimming. Hilliard reportedly overspent his annual Nike gear allotment from 2022 to 2025, primarily using funds for personal items. Following his arrest in August 2026, he resigned from USA Swimming. Hilliard is facing theft and embezzlement charges and is scheduled for arraignment in October 2026.

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By the Numbers
  • •Hilliard overspent Nike fund allocations by $9,500 from 2022 to 2025.
  • •He admitted to the misuse of funds during a university audit in July 2025.
  • •Hilliard was hired as USA Swimming CFO in December 2025.
  • •He resigned from USA Swimming after his arrest in August 2026.
  • •Hilliard is scheduled for arraignment in Boulder in October 2026.
Latest Updates
  • 7:15 AMYahoo Sports — Ex-Colorado athletics employee admitted to misusing Nike funds year before arrest
What they're saying
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Ex-Colorado athletics employee admitted to misusing Nike funds at the school several months before his hiring as CFO of USA Swimming

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