Post Office Suing Lance Armstrong for Millions

by Nate Wooley | April 24, 2013 9:29 am

Post Office Suing Lance Armstrong for Millions

Lance Armstrong 2005 300x225 Post Office Suing Lance Armstrong for Millions[1]The United States Postal Service filed suit Tuesday against disgraced cyclist Lance Armstrong.

The USPS — which had sponsored Armstrong’s cycling team from 1998 to 2004 — wants a return of the $40 million it spent on him and possibly more, CNN reports[2].

In the suit, the USPS seeks a return of the money spent, as well as another $80 million. Under the False Claims Act, an injured party can sue to recover three times the amount spent. The suit alleges that Armstrong and his company breached their contract with the USPS through the use of illegal drugs.

The suit names Armstrong, team manager Johan Bruyneel and Tailwind Sports, LLC as defendants. The suit had to be filed by Tuesday or the 60-day deadline would have expired.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/08/Lance_Armstrong_2005.jpg
  2. CNN reports: http://www.cnn.com/2013/04/23/justice/justice-case-armstrong/index.html?hpt=hp_t3
  3. Redskins RGIII Fined for Wearing Wrong Shirt: http://investorplace.com/2012/12/redskins-rgiii-fined-10000-for-wearing-wrong-shirt/
  4. 5 Pro Athletes Finding Success in the Restaurant Biz: http://investorplace.com/2012/11/5-pro-athletes-finding-success-in-the-restaurant-biz/
  5. Jay-Z Starts New Sports Agency: http://investorplace.com/2013/04/jay-z-starts-new-sports-agency/

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