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Lochte loses all his major sponsors after Rio incident, apology

"I over- exaggerated what was happening to me," said Lochte.

New York

US Olympic swimmer Ryan Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an "over-exaggerated" story about being robbed at gunpoint at the Rio Games.

Lochte's version of the incident embarrassed the