US swimmer Ryan Lochte loses sponsorship deal after fabricated claim of armed robbery

Ryan Lochte has lost his sponsorship deal with Speedo after his Olympic controversy.

The United States swimmer won his 12th Olympic medal during the Rio Games, but the achievement was overshadowed by a fabricated claim of an armed robbery after the 32-year-old was involved in an altercation at a petrol station, along with team-mates Gunnar Bentz, Jack Conger and James Feigen.