Speedo announced on Monday, August 22, that it would be dropping its sponsorship of Olympic gold medalist swimmer Ryan Lochte after Lochte lied about being robbed at gunpoint in Rio. Three other companies soon followed suit. It is similar to how Michael Phelps was dropped by Kellogg after he was photographed taking a bong rip, because, as you know, smoking weed is as bad as lying about a crime.

Here are the official statements that funny people made on Twitter: