• USA's Ryan Lochte competes Aug. 10 in a Men's 200m Individual Medley heat during the swimming event at the Rio 2016 Olympic Games at the Olympic Aquatics Stadium in Rio de Janeiro. Speedo USA announced Monday it has ended its sponsorship of the star Olympic swimmer following his false claim that he had been robbed at gunpoint in Rio, a story he later admitted was 'overexaggerated.' | AFP-JIJI
    USA's Ryan Lochte competes Aug. 10 in a Men's 200m Individual Medley heat during the swimming event at the Rio 2016 Olympic Games at the Olympic Aquatics Stadium in Rio de Janeiro. Speedo USA announced Monday it has ended its sponsorship of the star Olympic swimmer following his false claim that he had been robbed at gunpoint in Rio, a story he later admitted was "overexaggerated." | AFP-JIJI

  • Reuters

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BANGALORE, INDIA – Swimwear maker Speedo and luxury retailer Ralph Lauren Corp. ended their sponsorship contracts with Ryan Lochte, days after the U.S. swimmer admitted to exaggerating his story about being robbed at gunpoint in Rio during the Olympics.

The incident embarrassed the host city, angered the local police and government and dominated news coverage of South America’s first Olympics, leading the U.S. Olympic Committee to issue an apology.

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