Tags: Lance Armstrong | return | money | SCA | doping | Tour de France | team

Lance Armstrong Ordered to Pay $10 Million for Doping, Coverup

By    |   Monday, 16 Feb 2015 06:57 PM

An arbitration panel on Monday ordered Lance Armstrong and Tailwind Sports Inc., owner of the disgraced cyclist's Tour de France teams, to pay $10 million to SCA Promotions, a Dallas-based insurance company, the New York Daily News reported Monday.

SCA paid Armstrong and Tailwind approximately $12 million in bonuses during Armstrong's career. His seven Tour de France titles were forfeited after he and his cycling teams were found to have used banned performance-enhancing drugs, CBS News reports.

During arbitration a decade ago, SCA challenged the bonuses. Armstrong continued to deny he was involved in doping, and SCA agreed to a settlement with the cyclist and paid him $7 million in 2006.

The company later sued Armstrong to get its money back after new evidence of his cheating was exposed.

In October 2012, the U.S. Anti-Doping Agency (USADA) released a dossier outlining the evidence against Armstrong. It included sworn testimony from 15 cyclists about Armstrong's doping activities while on the U.S. Postal Service Cycling team.

"The evidence shows beyond any doubt that the US Postal Service [USPS] Cycling team ran the most sophisticated, professionalized and successful doping program that sport has ever seen," USADA chief executive Travis Tygart said.

USADA said the evidence includes
"direct documentary evidence including financial payments, emails, scientific data and laboratory test results that further prove the use, possession and distribution of performance enhancing drugs by Lance Armstrong and confirm the disappointing truth about the deceptive activities of the USPS Team, a team that received tens of millions of American taxpayer dollars in funding," USA Today reports.

In 2012, he was banned from cycling for life.

Last week, American cyclist and three-time Tour de France winner Greg LeMond rejected calls for Armstrong's ban to be reduced, saying "if there's anybody who deserves a ban, it's this guy."

LeMond said Armstrong was punished not just for doping, but for mistreating people who accused him before he finally admitted his guilt.

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An arbitration panel on Monday ordered Lance Armstrong and Tailwind Sports Inc., owner of the disgraced cyclist's Tour de France teams, to pay $10 million to SCA Promotions, a Dallas-based insurance company, the New York Daily News reported Monday.SCA paid Armstrong and...
Lance Armstrong, return, money, SCA, doping, Tour de France, team
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Monday, 16 Feb 2015 06:57 PM
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