Speedo is going to stop sponsoring American swimmer Ryan Lochte.

Yesterday he admitted 'over-exaggerating' a story about about being robbed at gunpoint while in Rio for the Olympics.

Brazilian authorities say he and three US team-mates actually vandalised a petrol station.

Police in Rio raised questions about the story, and arrested three of his fellow swimmers - James Feigen, Jack Conger and Gunnar Bentz. Lochte himself had already left the country. 

One of his teammates was ordered to donate nearly $11,000 to a Brazilian charity.

Lochte has admitted he was drunk at the time of the incident and that his response was "immature".