Ryan Lochte Dropped by Sponsors
August 23 , 2016
12-time Olympic gold medalist Ryan Lochte has been dropped by four renowned sponsors, swimwear manufacturer Speedo and fashion label Ralph Lauren being two among them. After Lochte had lied about being robbed in Rio de Janeiro by a policeman at a gunpoint, the sponsors decided to discontinue association with Lochte. However, Lochte has expressed gratitude for the partnership and said he respects the company's decision.