The current scandal is a photo of Michael Phelps smoking weed. (See That Photo Here) The image shows the swimmer using a bong. British paps broke the story and published the photo that might end his Olympic dreams. Questions as to the legitimacy of the photo of course came into play. However he has confirmed that the photo is real in a statement.

Per The Associated Press Via ESPN:

Phelps said: “I engaged in behavior which was regrettable and demonstrated bad judgment. I’m 23 years old and despite the successes I’ve had in the pool, I acted in a youthful and inappropriate way, not in a manner people have come to expect from me. For this, I am sorry. I promise my fans and the public it will not happen again.”

I am also told that the World Anti-Doping Agency enforces a suspension for athletes who are drug offenders, which includes the Olympics. The Agency typically bans drug using athletes for 4 years. First time offenders typically face a 2 year leniency. He might just be able to squeak by and still be aloud to compete in London.