Sports

United States Olympic  Swimmer Loses Endorsements After False Robbery Claims In Rio

The trouble began when media reports emerged on Aug. 14 that Lochte and three other U.S. swimmers — Jack Conger, Gunnar Bentz and Jimmy Feigen — were robbed at gunpoint when their cab was pulled over by men posing as police. The incident caused a furor in Rio, where street crime was a major issue heading into the games.
Feigen wound up donating just under $11,000 to a Brazilian nonprofit sports organization to settle any potential legal action. Bentz issued a statement saying Lochte tore a sign off a wall at the gas station and got into a heated exchange with the security officers, though Bentz denied the swimmers did any damage to a locked bathroom as authorities alleged.
Lochte, in an initial interview to NBC, said

“these guys came out with a badge, a police badge, no lights, no nothing just a police badge and they pulled us over. They pulled out their guns, they told the other swimmers to get down on the ground — they got down on the ground. I refused, I was like we didn’t do anything wrong, so I’m not getting down on the ground.”

He went on to say he was robbed of money and his wallet.

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Ryan Lochte lost three major sponsors as swimsuit company Speedo USA, clothing giant Ralph Lauren and skin-care firm Syneron-Candela announced in quick succession on Monday they were dumping the swimmer over a drunken incident during the Rio that he initially described as an armed robbery.
Speedo USA also said it would donate $50,000 of Lochte’s fee to Save The Children to benefit needy youngsters in .

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