The cancer charity whose yellow wristbands became a global brand under founder Lance Armstrong is seeking to reinvent itself, years after donations and revenues crashed along with the disgraced cyclist’s career.
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.
AUSTIN-- An arbitration panel ordered Lance Armstrong and Tailwind Sports Corp. to pay $10 million in a fraud dispute with a promotions company for what it called an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up his use of performance-enhancing drugs.
Five stories that have North Texas talking: New book on Lance Armstrong's rise and fall as athlete and celebrity; Dallas Sex Trade investigated in new report; Dallas group's #muttbombing dog adoption campaign goes viral; and more.
The Plano native will join 10,000 in noncompetitive Midwestern ride. “I’m well aware my presence is not an easy topic, and so I encourage people if they want to give a high five, great,” he says. “If you want to shoot me the bird, that’s okay, too.”
The U.S. Postal Service paid $40 million to sponsor Armstrong's Tour de France team. Now the Feds are joining a whistleblower lawsuit brought by former Armstrong teammate Floyd Landis. In January, Armstrong admitted using performance-enhancing drugs after years of denials,