Today the United States Olympic Committee (USOC) tried to give some clarity to the Ryan Lochte alleged crime saga in Brazil. And also the gold medalist himself finally issued an acknowledgment of regret this albeit with more caveats than Jim Comey at an FBI hearing morning.

‘ We apologize to our hosts in Rio and the social folks of Brazil for this distracting ordeal within the midst of what should rightly be a celebration of excellence,’ the USOC stated in a statement. ‘The behavior among these athletes is not acceptable, nor does it express the values of Team USA or the conduct for the vast majority of its members.’

Lochte also issued an apology, with clauses, this morning.

‘ I would like to apologize for my behavior final weekend, for maybe not being more careful and candid in how I described the events of that morning,’ Lochte said. ‘It’s traumatic to be out late together with your buddies in an international country, with a language barrier, and also a stranger point a gun you leave, but regardless of the behavior of anyone else that night, I should have been way more accountable. at you and demand money to let’

After a night of partying, ingesting, and admittedly being with ‘women,’ Lochte allegedly aggrandized, at least, a tale of being robbed at gunpoint with three other Team USA Olympic swimmers.

Lochte said that both himself and teammates Jack Conger, Gunnar Bentz, and Jimmy Feigen were the victims of a crime. Petrol station surveillance video, apparently with some segments that are missing backed up at least portions of the swimmers’ stories, but left many questions as well.

But Brazil police produced evidence that Lochte’s account had been riddled with half-truths and non-truths.

After giving the guards the equivalent of about $53 for the damages, the four eventually departed.

Home Sweet Residence

After being pulled down an airplane earlier in the Conger and Bentz are now back in the US week. The two, who never previously said they were robbed, supplied testimony to police that backed the video evidence.

Lochte had previously traveled back again to the continuing States quickly after the event.

Feigen, having said that, reportedly did first lie about the robbery. He’s on their way home today, but just after having to pay Rio de Janeiro a $10,800 fine.

In Brazil, it is common to prevent criminal prosecution for minor offenses by providing a sum of money. ‘We will further review the matter, and any consequences that are potential the athletes, once we come back to the usa,’ the USOC explained.

The case from the three seems to have reached a conclusion, but costs could nevertheless be brought against Lochte. Falsifying reports or providing misleading statements carry prison sentences of up to six months in Brazil. That said, it is pretty universally agreed that nothing would make authorities extradited the Olympic champ back to the scene of the ‘crime’ for prosecution.

Meanwhile, Straight Back at the Olympics…

Back Rio, it was another night that is history-making Jamaican legend Usain Bolt.

Of course, bettors in Nevada who put money on Bolt didn’t web much. Bovada listed Bolt at -225 into the 100m and a whopping -500 in the 200m.

Tonight, the Jamaican group is the favourite to win with a line of -400. USA is next at +300.

The women’s 4x100m relay will be maybe even more exciting, because they too increase up against the powerhouse that is jamaican. Jamaica is at -250 to the US at +175. The at the 2012 Olympics.

What the May that is future Hold

One of the greatest criticisms of the Lochte incident has been exactly how much it has distracted from the significant accomplishments of other athletes. As Lochte himself said by the end of his Twitter that is lengthy apology

‘. . . I am hoping we spend our time celebrating the fantastic stories and performances of the Games and look ahead to celebrating future successes.’

No doubt assess the fallout for Lochte himself, his endorsement status is currently in limbo, as brands. But with major names like Speedo, Ralph Lauren for Polo, and Mutual of Omaha standing behind him as pre-Olympics sponsors, this drunken night out could fundamentally total the biggest ‘whoops’ of his profession.

Caesars has convinced one of its creditors that are junior drop litigation and agree to its bankruptcy reorganization plan, a sign that this could be the start of the finish of the group’s protracted chapter 11 procedures.

Caesars is wanting to put its main running unit, Caesars Entertainment Operating Co., through bankruptcy so as to restructure some $18 billion of its financial obligation. Nonetheless it has been locked in disagreement with its holders that are second-lien the previous 18 months, many of whom are suing to carry the casino giant to guarantees of CEOC’s debts.

They will have additionally accused Caesars of fraudulently stripping the unit of its most valuable assets for the benefit of Caesars’ controlling creditors, Apollo Global Management and TPG, leaving it with nothing but troubled assets and unpayable debts.

Transfer of Assets

A recent court-appointed examiner’s report, led by ex-Watergate prosecutor Richard Davis, agreed with that assessment. Sometime in 2012, he said, Apollo and TPG began a strategy of weakening CEOC, while strengthening Caesars Entertainment Corp. (CEC) as well as other subsidiaries in preparation for CEOC’s bankruptcy.

One group of junior creditors, led by Appaloosa Management and Oaktree Capital Group, say they have claims well worth $12.6 billion, a sum which includes the potential to send CEC into bankruptcy along using its subsidiary, CEOC.

In current months Caesars has tried to appease CEOC’s creditors with a more reorganization that is equitable; one which would involve the reunification of its prized assets through the merger of CEC and another subsidiary, Caesars Acquisition Company. The merger will create extra cash, new debt, and more equity for the 2nd lien noteholders.

Significant Progress

One such noteholder, Frederick Barton Danner, agreed to drop his lawsuit in A new York federal court this week and come on board with the plan that is new. Under the regards to the settlement, CEOC can pay Barton Danner’s appropriate fees and offer additional cash to junior creditors who are not presently suing Caesars elsewhere. In return, Barton Danner will support CEOC’s revised reorganization plan.

‘We’re optimistic that the settlement will be consummated with the successful reorganization of [CEOC],’ said Barton Danner’s attorney, Gordon Novod, who added the settlement marks a ‘new and progress that is significant the pursuit of remedies.’

Having initially tried to get away with murder, Caesars is currently engaged in a process of mediation along with its other creditors that are second-tier an effort to find a solution.

‘I believe the events are making progress towards a resolution that is consensual of debtors’ cases and the associated litigation contrary to the [Caesars] parties,’ wrote mediator Joseph Farnan Jr, this week, although he also noted that more hours is needed.