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Lance Armstrong Settles Federal Fraud Case for $5 Million

Related Topics: Fraud, Lance Armstrong

Lance Armstrong agreed on Thursday to pay $5 million to settle claims that he defrauded the federal government by using performance-enhancing drugs when the United States Postal Service sponsored his cycling team, according to Elliot Peters, Armstrong’s lead lawyer in the case.

The settlement ended years of legal wrangling between Armstrong and the government over whether the Postal Service had actually sustained harm because of Armstrong’s doping.

After years of vehement denials, Armstrong admitted in 2013 that he had used banned substances while winning a record seven Tour de France titles from 1999 to 2005.