How Much Will Lochte Lose For Lying In Rio?

RIO DE JANEIRO — Olympic swimmer Ryan Lochte apologized Friday for what he did in Rio that has American tabloids calling him "The Ugly American" and "The Lochte-mess Monster."

"I want to apologize for my behavior last weekend—for not being more careful and candid in how I described the events," he said in a statement.

Brazilian authorities say Lochte concocted the story to cover up what actually happened at a gas station.

The security camera footage shows the athletes coming down a corridor. One of them tears a poster off a wall, and at some point they make their way back to the bathrooms where police say they vandalized one of the stalls.

Swimmer Jimmy Feigen had to donate $10,000 to a Brazilian charity in order to leave Rio. But the incident may end up costing Lochte millions.

Read the full story on CBS News.

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