Ryan Lochte

Lochte alleged that he was robbed at gunpoint along with United States team-mates Gunnar Bentz, Jack Conger and Jimmy Feigen at a petrol station after attending a party in Brazil last month.

The 32-year-old was charged with making a false statement after admitting he had "over-exaggerated" his story and apologised for his "immature behaviour".

E! News has learned the Olympic swimmer is the latest famous face in talks for Dancing With the Stars season 23. Prepare yourselves for Len Goodman to ask, "What is jeah?"

Syneron-Candela, owner of Gentle Laser Hair Removal, released a statement saying the company wound end its partnership with the athlete, adding, "We hold our employees to high standards, and we expect the same of our business partners."

Earlier Monday, Ralph Lauren executives stated their company's contract with Lochte was for the 2016 Rio Olympics only, and would not be renewed. "Ralph Lauren continues to sponsor the U.S. Olympic and Paralympic Team and the values that its athletes embody."

As the Team USA swimmer chatted with NBC's Matt Lauer in the wake of the Rio robbery scandal, viewers around the world received another apology. At the same time, they saw a gold medalist voice his determination to get back in the pool for another summer game.

The Team USA swimmer sat down with NBC's Matt Lauer for his first television interview since his initial robbery claim was proven false to shed even more light on what happened.

The 20-year-old's lengthy account paints Ryan Lochte as the aggressor in the situation that unfolded around 6 a.m. Sunday after the four swimmers stopped at a gas station to use the restroom following a party in Rio. While statements from Brazilian police have said the swimmers broke down a door at the gas station and urinated inside it, Bentz's story is a bit different. It reads in part:

E! News has learned that the US Olympian swimmer, who has been knee-deep in international troubles following an alleged robbery in Rio during the Olympics, has sought out a crisis manager to take the lead in handling the aftermath on this matter, and it just so happens to be the former crisis manager of none other than Justin Bieber.

At the very least, he appears to have stretched the truth a bit. He allegedly fabricated a story — or half a story — to get himself and his U.S. teammates out of a bad situation and cover up a stupid mistake.

So what?

Most of us are liars, too. Most of us do it every day. We either tell outright lies or exaggerate a situation or stretch the truth. It’s become the American way.

The decorated U.S. swimmer posted a statement on social media Friday, apologizing for his actions over the weekend in Rio that landed him and three other swimmers in a whirlwind of Olympic controversy.

Lochte's teammates Gunnar Bentz and Jack Conger landed in Miami on Friday after testifying about the alleged robbery described to police. The lawyer for the fourth U.S. swimmer, James Feigen, said he would make a $10,800 "donation" and leave Brazil later in the day.

The Brazilian authorities stopped Gunnar Bentz and Jack Conger from boarding the flight at Rio de Janeiro airport, bound for the US, for questioning late on Wednesday.

Two teammates - Ryan Lochte and James Feigen - were barred from leaving the country, but Lochte had already left.

Police have queried their accounts of a robbery they reported in Rio on Sunday.

The four swimmers said they had been robbed at gunpoint in a taxi in Rio.

But police said their account of when they arrived at the Olympic Village did not square with CCTV recordings.