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Ryan Lochte no more sponsored by Speedo due to Rio 2016 Scandal

Speedo announces it is ending sponsorship of Ryan Lochte

Speedo reports it is closure sponsorship of Ryan Lochte. Speedo reported it dropped its sponsorship of troubled U.S. swimmer Ryan Lochte on Monday.

The swimsuit maker's choice to cut ties with Lochte comes following a week-long adventure that prompted Lochte and three different swimmers to be addressed by Rio powers after Lochte charged they were looted at gunpoint.

"While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone the behavior that is counter to the values this brand has long stood for," Speedo USA said in a statement. Get more about this news story from given video.

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