Ryan Lochte Says Gun Being Pointed at His Head 'Didn't Happen'

Embattled American Olympian swimmer Ryan Lochte said in a new interview that he "over-exaggerated" the story about being held up at gunpoint in Rio de Janeiro.
1:58 | 08/22/16

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Transcript for Ryan Lochte Says Gun Being Pointed at His Head 'Didn't Happen'
And there's one Olympian of course that remains in the spotlight and not necessarily for good reason the US alone because many is still deciding on a possible punishment for Ryan Lott he. And three other swimmers lot DA is speaking out again this time to Brazilian reporters. With more on his story and how it evolved ABC's Matt Gutman has the latest. The second most decorated swimmer in history. Back pedal right unlocked he telling eight Brazilian TV station what you've changed the version of this story home in time. I just I over exaggerated. Part of it the very first part I was intoxicated. I was a little phrase and I mean having a gun pointed to you. He story having more from this first fanciful account about. Guy about his gun. Cocktails but in court today. To a statement admitting he should have been more careful in kidded about. Describing the bruising night he was seen here vandalizing this sign and then confronting security guards when they said. They called police but heat still doesn't quite admit to lying. I over exaggerated the story not over exaggerated by over exaggerated some parts my mistake was. Over exaggerating what really happened you know not tell a lie. I wasn't lying to a certain extent. Mile over exaggerated what what's happened and like I said I can't say if it was a robbery or anything like that. He's explanation forties initial accounts are still intoxicated on I didn't go to leave them now. It for a swimmer with a million dollars in endorsement deals with Speedo and Ralph Lauren. There could be more fallout blocking acknowledged that he might lose endorsements that. This back at B. Matt Gutman ABC news Rio.

This transcript has been automatically generated and may not be 100% accurate.

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