USA Swimming CFO Cory Hilliard placed on leave after arrest for embezzlement
4 sources • 2 min read • Latest: Aug 11, 2026, 1:07 AM
Last updated Aug 11, 2026
Cory Hilliard, CFO of USA Swimming, was arrested in Colorado on August 10, 2026, for charges of theft, embezzlement, and official misconduct stemming from his time at the University of Colorado. Hilliard is accused of misusing over $9,500 in funds related to the CU Nike Elite program between 2021 and 2025. The allegations came to light after an internal audit investigation triggered by CU athletic director Rick George in July 2025. Following the arrest, Hilliard has been placed on leave as USA Swimming gathers more information regarding the case.
- •Cory Hilliard arrested for theft and embezzlement on August 10, 2026.
- •Allegations date back to Hilliard's role at the University of Colorado.
- •He is accused of diverting $9,510.50 in university funds.
- •Hilliard was hired by USA Swimming as CFO in December 2025.
- •USA Swimming is currently investigating the circumstances surrounding Hilliard's arrest.
- 1:07 AMYahoo Sports — USA Swimming places CFO on leave after learning of arrest for embezzlement while working at CU
- 10:07 PMYahoo Sports — USA Swimming CFO arrested, charged with embezzlement from time at Colorado
- 9:03 PMYahoo Sports — USA Swimming CFO Hilliard arrested for alleged theft
- 7:37 PMYahoo Sports — USA Swimming CFO Cory Hilliard placed on leave after arrest for alleged theft, embezzlement while employed 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. The district attorney's office in Boulder said Hilliard is accused of misappropriating funds from the school's Nike Elite program for personal use. The DA said the school lost $9,510 due to Hilliard's actions.
"Cory Hilliard, USA Swimming's chief financial officer, was arrested on Monday in Colorado on charges of theft, embezzlement and official misconduct during his time as a University of Colorado employee.The Boulder County district attorney's office announced the charges in a news release saying they will move forward with prosecution on the charges after an internal audit by the school and an investigation by university police.
"USA Swimming's new CFO Cory Randall Hilliard was charged with theft and embezzlement for allegedly funneling money from the University of Colorado.
Sources
External links- Yahoo SportsAug 11, 2026, 1:07 AMUSA 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 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. The district attorney's office in Boulder said Hilliard is accused of misappropriating funds from the school's Nike Elite program for personal use. The DA said the school lost $9,510 due to Hilliard's actions.
- Yahoo SportsAug 10, 2026, 10:07 PMUSA Swimming CFO arrested, charged with embezzlement from time at Colorado
USA Swimming's new CFO Cory Randall Hilliard was charged with theft and embezzlement for allegedly funneling money from the University of Colorado.
- Yahoo SportsAug 10, 2026, 9:03 PMUSA Swimming CFO Hilliard arrested for alleged theft
Cory Hilliard, USA Swimming's chief financial officer, was arrested on Monday in Colorado on charges of theft, embezzlement and official misconduct during his time as a University of Colorado employee.The Boulder County district attorney's office announced the charges in a news release saying they will move forward with prosecution on the charges after an internal audit by the school and an investigation by university police.
- Yahoo SportsAug 10, 2026, 7:37 PMUSA Swimming CFO Cory Hilliard placed on leave after arrest for alleged theft, embezzlement while employed at University of Colorado
Hilliard, who was hired by USA Swimming in December,
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