Lance Armstrong settles US federal fraud case

Armstrong will pay just a fraction of the amount sought. Pic Getty

Armstrong will pay just a fraction of the amount sought. Pic Getty

Lance Armstrong will pay $5 million to the federal government to settle a fraud lawsuit that contended he owed $100 million to taxpayers for doping while competing for a cycling team sponsored by the U.S. Postal Service.

"We've had exactly the same view of this case forever, which was that it was a bogus case because the Postal Service was never harmed", Armstrong's lawyer Elliot Peters told The New York Times on Thursday.

"No one is above the law", Chad Readler, assistant attorney general for the Justice Department's Civil Division, said in a statement. This compensation illustrates that those that cheat the us government is going to probably be held accountable.

In his statement, Peters said, "Lance is delighted to put this behind him".

"I have since 2013 tried to take full responsibility for my mistakes, and make amends wherever possible", he said, reflecting with pride on his performances in a US Postal jersey. Armstrong settled for $5 million just weeks before a trial was scheduled to start.

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He was stripped of his titles and banned for life from the sport in 2012 by the U.S. Anti-Doping Agency after it accused him in a report of engineering one of the most sophisticated doping schemes in sports.

The agreement brought closure to a drawn-out legal battle in which the federal government argued USPS was defrauded to the tune of millions in sponsorship from Armstrong's doping scandal.

"This ends all litigation against Armstrong related to his 2013 admission that during his career as a professional cyclist he had used performance enhancing substances". Under the False Claims Act, the federal government could have had the amount tripled with Armstrong on the hook for it all. Landis filed this lawsuit in 2010 before the government joined in 2013. Peters added that the Postal Service had previously boasted that sponsoring Armstrong's cycling team for $32 million was a marketing boon. Armstrong got almost $13.5 million.

This was the last large remaining suit, one that could have reached $100 million with treble damages. "I am looking forward to devoting myself to the many great things in my life - my five kids, my wife, my podcast, several exciting writing and film projects, my work as a cancer survivor, and my passion for sports and competition". Landis will receive US$1.1 million out of the governments US$5 million while Amstrong will also be forced to pay US$1.65 million to cover Landis' legal costs. "There is a lot to look forward to". But, I mean, Kendall is technically a Jenner right? Armstrong and his teams dominated cycling's marquee event, winning every year from 1999 to 2005.

"But he does have to pull together some funds to pay the government over the next year", Peters said.

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