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WATCH & READ
The latest on Ryan Lochte
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United States Olympic Committee (USOC) CEO Scott Blackmun released a statement late Thursday night that largely confirmed what Brazilian authorities made public earlier in the day.
Ryan Lochte and three of his USA swimming teammates concocted and conflated a story about being held up at gun point by men posing as police officers while returning to the athletes' Olympic Village early on Sunday morning.
The USOC apologized to Brazil in the statement and gave more context to the latest news developing in the case.