Eight Arrested in Phelps Bong Bust

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First Michael Phelps was scrutinized by the media for pix of him apparently smoking marijuana -- and now, even the swimmer's street cred with his peers seems to be going up in smoke as his bongin' buds get busted!

According to WIS News in Columbia, Sheriff Leon Lott received flack after he publicly announced he would go after Phelps on criminal charges, but the Richland County Sheriff's Department has arrested eight people from the Phelps party -- seven for drug possession and one for distribution.

The owner of the bong that the tarnished Golden Boy was snapped holding is among the arrestees, after he tried selling the bong on eBay for as much as $100K. They don't call it dope for nothing!

When asked whether or not the Olympian should be prosecuted because of the picture, South Carolina Governor Mark Sanford said, "I don't see what it gets at this point."

Kellogg's cereal was the only Phelps sponsor to drop him after the drug pix surfaced on the net.

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