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US Olympic Swimmer Lochte Loses Major Sponsorships

U.S. Olympic swimming medalist Ryan Lochte has lost two major sponsors after admitting that he exaggerated his story about being robbed at gunpoint in Rio. Swimsuit company, Speedo USA, and clothing maker, Ralph Lauren, both announced Monday that they would no longer be working with Lochte. Speedo said it will donate $50,000 of Lochte's fee to Save The Children to benefit Brazilian youth. "While we have enjoyed a winning relationship with Ryan for over a decade and he has...

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