Lance Armstrong To Pay U.S. Government $5 Million To Settle Fraud Claims
Authorities said the disgraced cyclist had defrauded his sponsor, the U.S. Postal Service, out of millions. He faced $100 million in possible penalties — but this settlement averts his looming trial.
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.
"A competitor who intentionally
