Lance Armstrong Owes $10 Million In Fraud Case With Promotions Company

Lance Armstrong just can’t catch a break.

An arbitration decision is ordering the troubled cyclist and his dissolved team management company, Tailwind Sports Corp., to pay $10 million over a fraud dispute with SCA, a Dallas-based promotions company.

SCA says that Armstrong’s “unparalleled pageant of international perjury, fraud and conspiracy” by covering up his doping while winning seven Tour de France races damaged the company.

“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,” SCA President and founder Bob Hamman said, per The Associated Press.

SCA paid Armstrong $12 million during his dominant run, but later disputed the bonuses in 2005.

Armstrong isn’t out of the woods yet either. He’s also being sued by the federal government and former teammate Floyd Landis over another fraud dispute regarding his former connection with his major sponsor, the United State Postal Service.

Thumbnail photo via Tom Pennington/Getty Images

Filed under: Andre Khatchaturian, NESN Newswire, Top Stories

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