Four Major sponsors drop US Olympic swimmer Ryan Lochte over Rio robbery lie

In the wake of Rio 'robbery' fiasco, US Olympic Swimmer, Ryan Lochte, has been dropped by all his major sponsors. Police investigation revealed that Lochte and 3 other US swimmers James Feigen, Gunnar Bentz and Jack Conger lied about being robbed at gunpoint when they were returning by taxi from a club in Rio. (Read here) Turns out, they actually vandalized a gas station and urinated on the walls outside. Hence the lie to cover up their disgraceful antics.

Now his major sponsors - Speedo, Polo Ralph Lauren, Gentle Hair Removal and mattress maker Airweave have announced that they would be cutting ties with Lochte. After Speedo said it would terminate its relationship with the athlete, all three of his remaining sponsors pulled out within the space of six hours on Monday. Read their official statement below...