US Olympic swimmer Ryan Lochte has lost three of his biggest sponsors Speedo has dropped him after he admitted to "over-exaggerating" a story about being robbed at gunpoint during the Rio Games. gettyimages-588699016.jpg Ryan Lochte. Lochte reportedly signed a 10-year deal with Speedo in 2006 that was set to expire this year. "Ralph Lauren's endorsement agreement with Ryan Lochte was specifically in support of the Rio 2016 Olympic Games and the company will not be renewing his contract." Asked point-blank by Lauer if he was robbed, Lochte responded, "I can't answer that because I don't know.

Source: Otago Daily Times August 22, 2016 20:03 UTC