Lance Armstrong Ordered to Pay $10M to SCA Promotions for Fraud – BlackSportsOnline
Connect with us

Hi, what are you looking for?

BlackSportsOnline

Headline

Lance Armstrong Ordered to Pay $10M to SCA Promotions for Fraud

Lance Armstrong Butt Licking

The fallout continues for Lance Armstrong.

After losing a host of endorsement and sponsorship deals, shamed ex-cyclist Lance Armstrong has been dealt another huge blow. USA Today has the story:

 Lance Armstrong has been ordered to pay $10 million to SCA Promotions, the sports insurance company that paid his bonuses for winning the Tour de France and then helped cause his epic fall from grace in 2012. The company said the $10 million award is believed to be the largest award of sanctions assessed against an individual in American judicial history. It differs from a civil judgment in part because it’s defined as a sanction against Armstrong for lying under oath during a previous dispute between the parties in front of the same panel.

SCA’s president and founder Bob Hamman issued a statement on the matter:

“We are very pleased with this result,” SCA’s president and founder Bob Hamman said in a statement. “It is hard to describe how much harm Lance Armstrong’s web of lies caused SCA, but this is a good first start towards repairing that damage.”

Tough times for Lance these days.

[h/t USAToday]



X