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Lochte loses all his major sponsors after Rio incident, apology

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Published Tue, Aug 23, 2016 · 09:50 PM

    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 host city and angered local officials, and further revelations about it - casting doubt on his story - dominated news coverage of South America's first Olympics.

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