U.S. Swimmer James Feigen To Pay $11,000 To Resolve Rio Robbery Dispute

By Markets MarketWatch Pulse

U.S. Olympic swimmer James Feigen has reached an agreement with officials in Rio de Janeiro to make an $11,000 donation to a Brazilian charity in an effort to resolve a dispute over a claim of robbery, according to media reports Friday. The agreement was announced early on Friday by his lawyer in the city, Breno Melaragno Costa, ABC News reported. That was on the heels of a four-hour meeting between the swimmer and officials from the prosecutors office on Thursday. A Brazilian charity called Reaction Institute will be the recipient of the money, which is equivalent to 35,000 Brazilian reals. Brazilian authorities have accused Feigen and three other U.S. swimmers -- Ryan Lochte, Gunnar Bentz and Jack Conger -- of making up a story about a robbery to cover up their acts of drunken vandalism. Feigen is expected to have his passport returned Friday and then will be free to leave the country, according to his lawyer. The U.S. Olympic Committee on Thursday apologized for the actions of the swimmers, all of whom have returned to the U.S. except for Feigen.

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