Another major sponsor, luxury retailer Ralph Lauren Corp, also said it would not be renewing its contract with the swimmer. Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company. The 12-time Olympic medalist said he and three teammates were robbed by gunmen early last week, on their way back to the athletes village from a party. Ralph Lauren also said its endorsement agreement with Ryan Lochte was specifically for the Rio 2016 Olympic Games. "The current situation in Brazil regarding Ryan Lochte is an ongoing investigation.

Source: CBC News August 22, 2016 15:56 UTC