Tuesday, January 15, 2013

Feds Joining Suit Against Lance Armstrong

CBS News reported yesterday that the federal government is considering joining in Floyd Landis's lawsuit against Lance Armstrong which alleges that he defrauded the government due to his doping while receiving $30 million in sponsorship funds from the US Postal Service. My understanding is that the government could receive treble damages for this lawsuit which would amount to $90 million. Lance would not be the only one to be hurt by this.

A tweet this afternoon by CBS News says that they have learned that Lance offered to settle with the government for $5 million and that he offered to be a cooperating witness in a federal investigation. The tweet claims that the Department of Justice turned down both offers.

If this is true, it suggests that the federal government will be joining in the lawsuit against Lance and they expect to go for significantly more than $5 million. The saga continues...

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