Speedo cancels sponsorship deal with Ryan Lochte

Ryan Lochte competes in the men’s 200-meter individual medley final at the Summer Olympics in Rio de Janeiro on Aug. 11. A couple of days later, he reported he had been robbed at a local gas station — a story that turned out to be false. Now Speedo, one of his major sponsors, says it’s dropping him. (Photo by
Michael Sohn/Associated Press)
Saying it can’t condone Ryan Lochte’s behavior during Rio’s Summer Olympics, swimwear company Speedo is ending its sponsor