The Nebraska-based Acceptance Insurance Company sued Armstrong and Tailwind Sports Corporation, claiming he committed fraud by concealing his use of performance enhancing drugs during the 1999, 2000 and 2001 Tours.
“By his cheating and deception, Armstrong committed fraud,” stated the lawsuit filed in Travis County Court in Austin, Texas.
“This suit seeks repayment of $3 million in undeserved an unearned pay Lance Armstrong obtained by fraud.”
The payment cited was a $3 million bonus paid to Armstrong for his first three Tour victories.
Published in The Express Tribune, March 3rd, 2013.
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