Lance Armstrong has agreed to pay the federal government $5 million to settle fraud allegations that could have resulted in a nearly $100 million penalty. The U.S. Postal Service, which had sponsored the disgraced cyclist's team, argued that Armstrong defrauded taxpayers by accepting millions from the government agency while using performance-enhancing drugs during competition.
AUSTIN-- An arbitration panel ordered Lance Armstrong and Tailwind Sports Corp. to pay $10 million in a fraud dispute with a promotions company for what it called an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up his use of performance-enhancing drugs.
Five stories that have North Texas talking: New book on Lance Armstrong's rise and fall as athlete and celebrity; Dallas Sex Trade investigated in new report; Dallas group's #muttbombing dog adoption campaign goes viral; and more.
The Plano native will join 10,000 in noncompetitive Midwestern ride. “I’m well aware my presence is not an easy topic, and so I encourage people if they want to give a high five, great,” he says. “If you want to shoot me the bird, that’s okay, too.”
The U.S. Postal Service paid $40 million to sponsor Armstrong's Tour de France team. Now the Feds are joining a whistleblower lawsuit brought by former Armstrong teammate Floyd Landis. In January, Armstrong admitted using performance-enhancing drugs after years of denials,