Speedo will donate $50,000 from Lochte's sponsorship fee to the global charity Save the Children for children in Brazil.

Speedo's statement: "“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 behavior that is counter to the values this brand has long stood for.”

http://www.nytimes.com/2016/08/23/sports/olympics/speedo-drops-ryan-lochte-as-rio-fallout-continues.html?_r=0