Sponsors dunk swimmer Lochte

Ryan Lochte lost four major sponsors when Speedo USA, Ralph Lauren, Airweave and Syneron Candela announced Monday they were dumping the swimmer over a drunken incident during the Rio Olympics he initially described as an armed robbery. Speedo USA also said it would donate $50,000 of Lochte’s fee to Save The Children to benefit needy youngsters in Brazil. “We cannot condone behaviour that is counter to the values this brand has long stood for,” the swimsuit giant said.