Lochte apologizes to Brazil on national TV

U.S. gold medalist Ryan Lochte admitted to Brazil's largest broadcaster Saturday night that he'd exaggerated his story about being robbed at gunpoint in Rio - but insisted he did not lie.

In an interview aired on Globo TV after the proud soccer nation won its first Olympic gold in a penalty shootout, Lochte apologized to the nation.

"I'm sorry," one of America's most decorated Olympic swimmers said. "Brazil doesn't deserve that."

The Olympian insisted that he was a victim of extortion because he was forced by armed guards to hand over money.

"I wasn't lying to a certain extent, I over-exaggerated what was happening to me."

The tale of a gunpoint robbery in Rio initially embarrassed the Brazilian nation until local police accused Lochte, 32, of making it up to cover up vandalizing a gas station.

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