Speedo drops sponsorship of Ryan Lochte

August 23, 2016 4:15 AM

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Speedo drops sponsorship of Ryan Lochte

Less than 24 hours after the close of the Rio Olympics, Ryan Lochte took a major financial hit Monday for a drunken incident he initially tried to pass off as an armed robbery.

In quick succession, four sponsors announced they were dumping the swimmer, who has since apologized and conceded that he embellished what happened during a now-infamous stop at a Rio gas station.

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