Via NESN:

If the International Olympic Committee is out for blood, Michael Phelps could be a sitting duck.
We've already seen Jamaican sprinter Yohan Blake come under the gun for wearing a $500,000 watch that wasn't sponsored by Omega during a race, which is a big no-no according to the IOC's rules and regulations. Now, Phelps is the one who could be in some hot water after photos of him posing for a Louis Vuitton ad campaign were leaked during the Olympics.
Phelps' photos break a new IOC regulation called Rule 40, which prohibits athletes from appearing in ads for non-Olympic sponsors during the Games (July 18-Aug. 15). Louis Vuitton, for the record, was not an Olympic sponsor, thus potentially opening Phelps up to punishment. If the IOC determines that Phelps violated the rule, the sanctions could include fines and the stripping of medals, according to CNBC.com.

The actual Louis Vuitton campaign was reportedly slated to begin this week, when athletes were once again allowed to appear in ads for non-Olympics sponsors. But because the photos were leaked early, there's now speculation and debate as to whether the IOC will still clamp down on Phelps. Those involved with the situation deny leaking the photos, which could rid them of any blame and thus any punishment, but we'll have to wait and see whether that matters to the IOC.
Phelps could spare a medal or two, though, so we probably shouldn't be too concerned. And on the bright side, at least he's not Ryan Lochte, so he's got that going for him, too.
It is, though, the latest development in an already busy life post-London for Phelps. His reported poker habits have been documented already as well.
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Dont think that partying, doing drugs, selling dope, making babies and leaving the girl to hold the bag is cool.
All that will get you is either a ****** life or shotdown by some other uneducated low life.
By-the-way!! What IS the brand of condom that was distributed to the athletes like candy AND APPROVED by you idiots!
Get your act together you stupid bastards!!! At your earliest convenience make a run at a rolling donut!
who are they? that they can just take someone life apart at THEIR whim
just like penn state thise TEAMS won the medal not joe THEY deserve to have their record stand
why punish the teams?
If someone else broke the rules by leaking the photos earlier than they suppose to, it means: Phelps Did Not brake any rules. KAPISH?
Any other tough questions?
>not "a few people"
BIG MIKE from the NOLA
Who leaked the photos? Phelps didn't, he can't be held responsible for this.
I hate the media.
laughable
I was a volunteer during the 2010 winter Olympics and had to stand out on a ski trail all day providing security.
One day during a downpour i pulled my rain poncho and put it on because the raingear the olympic committee gave us was not much more than a plastic bagie. My poncho manufacturer was not an official olympic sponsor and i was told to either remove it or put duct tape over the name. Absolutely no regard for the fact i was a drowned rat.
I removed it, but the catch was i was still wearing it when i left.
Lost all respoect for olympics operations after that
And what the article doesn't say is that the penalty is anywhere from a $600 fine to stripping of medals earned in the olymics the year his infraction took place. He would only lose his London olympic medals. Though again, I doubt for this situation, that he will lose anything.
some very unfair decisions you made during the olympics...where even the news casters there in London said you made a BAD decision and wasn't fair to the competetent!!!! Would YOU like this? Stop being so nit-picking on what the winners are now doing....is it REALLY wrong???????????
HE GETS TO KEEP THE METALS AND THE MONEY.. NO FINES.
form the docking platform that received the tourch?! As a site for one of the events, a rest. on River Street named The Olympic Cafe in busines....LONG, LONG before the Olympics even thought about coming to Ga. was required to chnage it's name by the IOC to Olympia Cafe or face a fine...talk about having to "suck up"!
the IOC needs to pull their heads out of their butts and move on! He wasn't doping, he didn't pitch little fits when the judges gave him his scores..