Lance Armstrong will pay federal government $5 million to settle fraud claims
Former professional cyclist Lance Armstrong has agreed to pay the federal government $5 million to settle fraud allegations, averting up to $100 million in penalties.
The U.S. Postal Service, which once sponsored Armstrong's team, argued that Armstrong defrauded taxpayers by accepting money while using performance-enhancing drugs, NPR reports. In a statement, the disgraced cyclist said he was ready to "move forward with my life." Chad Reader, acting attorney general for the Justice Department's civil division, said the settlement "demonstrates that those who cheat the government will be held accountable."
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