US Olympic swimmer Jimmy Feigen will pay 11,000 US dollars to a Brazilian charity to settle a dispute over, what police called, a fabricated story of being robbed in Rio.

According to ABC News, the announcement was made by Feigen's attorney, after meeting for hours with a judge and officials from the prosecuting ministry in Rio.

Feigen was among four US swimmers shown to have lied about being stopped by gunmen posing as police in the early hours of Sunday. The US Olympic Committee issued an apology over the incident.

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