Ryan Lochte managed to escape the law in Brazil but he didn’t escape the consequential punishment in the US that comes with the huge lie he told. The Olympic swimmer lied about being robbed at gunpoint in Rio and now he’s lost one of his biggest sponsors as Speedo is pulling the plug.
According to TMZ Sports, the mankini company issued a statement saying, “While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for.”
“We appreciate his many achievements and hope he moves forward and learns from this experience.”
Speedo also says it will donate a $50,000 portion of Lochte’s fees to Save The Children, a charity which will use the money to benefit children in need in Brazil.
And if you need a quick recap on what really happened in Brazil; Lochte and his crew (3 other Team USA swimmers) damaged a bathroom at a gas station and were leaving without paying. The gas station security claims they brandished the weapon (gun) so the swimmers didn’t leave until cops arrived.
Lochte later lied and said they were pulled over by robbers posing as cops, and one of them pointed a gun at his head…