Speedo, Ralph Lauren drop U.S. swimmer Ryan Lochte after Rio

Former sponsors Speedo and Ralph Lauren have dropped Ryan Lochte after the fallout over the scandal in Rio.

(Image credit: Getty Images)

The Rio Olympics ended Sunday night with a festive Closing Ceremony — but the drama from the Games lives on, particularly for U.S. swimmer Ryan Lochte. Swimwear brand Speedo announced Monday that it was ending its sponsorship agreement with Lochte, following the swimmer's involvement in a protracted robbery scandal alongside teammates Gunnar Bentz, Jack Conger, and Jimmy Feigen. Lochte had initially claimed the four men were victims of an armed robbery during a taxi ride, but local authorities and surveillance video revealed Lochte had fabricated the story; the men had actually vandalized a gas station bathroom while intoxicated, and armed security guards forced them to pay for the damage.