NEW YORK—Ryan Lochte lost two major sponsors when Speedo USA and Ralph Lauren announced Monday they were dumping the swimmer over a drunken incident during the Rio Olympics that he initially described as an armed robbery. “I am proud of the accomplishments that we have achieved together.”He has since apologized for embellishing his version of events. Both the U.S. Olympic Committee and USA Swimming have indicated that Lochte will be punished, perhaps endangering the 32-year-old’s hopes of competing in a fifth Olympics at Tokyo in 2020. The incident caused a furor in Rio, where street crime was a major issue heading into the games. At these games, Lochte had a greatly reduced role after qualifying for just one individual event.

Source: thestar August 22, 2016 16:02 UTC