COLORADO SPRINGS, Colo. (AP) — 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.
Hilliard, 54, was hired last December as CFO of USA Swimming, which oversees the sport from the grassroots to the Olympic level in the U.S. The organization said it learned of his arrest Monday and "immediately placed Cory on leave and terminated all access to any company data and financial controls."
It said it was conducting its own investigation.
As the administrator for Colorado's Nike Elite program, Hilliard was "responsible for managing employee product benefit allocations," the DA's office said.
#Monday #financial #leave
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.
Hilliard, 54, was hired last December as CFO of USA Swimming, which oversees the sport from the grassroots to the Olympic level in the U.S. The organization said it learned of his arrest Monday and "immediately placed Cory on leave and terminated all access to any company data and financial controls."
It said it was conducting its own investigation.
As the administrator for Colorado's Nike Elite program, Hilliard was "responsible for managing employee product benefit allocations," the DA's office said.
#Monday #financial #leave
3 months ago
