Lance Fined $10M for 'Unparalleled Pageant of Fraud'

It seems SCA Promotions would like the bonuses it paid him back
By Polly Davis Doig,  Newser Staff
Posted Feb 16, 2015 1:21 PM CST
Lance Fined $10M for 'Unparalleled Pageant of Fraud'
In this Feb. 15, 2011 file photo, Lance Armstrong pauses during an interview in Austin, Texas.   (AP Photo/Thao Nguyen, File)

Lance Armstrong, last seen getting his girlfriend to take the fall for plowing into a couple of cars in Aspen, has been dealt yet another blow and it's a costly one: As the AP reports, an arbitration panel has ordered Armstrong and his former management company to pay $10 million to SCA Promotions for what it terms his "unparalleled pageant of international perjury, fraud, and conspiracy"—known in less grandiose circles as his doping. "We are very pleased with this result," said SCA's president. "It is hard to describe how much harm Lance Armstrong's web of lies caused SCA but this is a good first start toward repairing that damage."

It seems that over the course of Armstrong's storied and PED-fueled career, the promotions company paid him some $12 million in bonuses. When doping allegations surfaced in 2005, SCA sought the return of that money; Armstrong perjured himself under oath, testifying that he had not doped, and SCA ultimately settled with him to the tune of $7 million. When Armstrong finally admitted doping, Sky News notes that SCA decided to revisit the issue. The AP notes that Armstrong is also being sued by the feds, as well as former teammate Floyd Landis in a whistleblower action. (Even so, Armstrong says he would probably do it all again.)

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