Lance Armstrong's Confession Could Cost Him Millions | WAMU 88.5 - American University Radio

Lance Armstrong's Confession Could Cost Him Millions

Play associated audio

In an interview that aired last night on the Oprah Winfrey Network, Lance Armstrong confessed that he doped. That confession, added to mountains of other evidence, could cost him millions of dollars. There are three groups of people he may owe money to:

1. SCA Promotions

SCA is a company that underwrote millions of dollars of bonuses that Lance received for winning the Tour de France. Now that he's been stripped of those titles — they want their money back.

SCA had already planned to sue Armstrong before his Oprah interview. Last night, the company's lawyer, Jeff Dorough, was watching for specific phrases that could make their case easier to win. Dorough says the company wanted Armstrong to say he hid the doping, and last night he did. He was also watching to see if Lance would implicate anyone else, but that didn't happen.

2. The U.S. Postal Service

The U.S. Postal Service spent about $30 million sponsoring Lance Armstrong's cycling team, according to ESPN and the Wall Street Journal.

A former teammate of Armstrong's, Floyd Landis, has filed a whistle-blower lawsuit on behalf of the U.S. government, alleging that Armstrong was the architect of a massive doping operation. If the Justice Department decides to join Landis in the suit, the amount of money they could win would triple-- up to $90 million. The Justice Department has not made public decision about whether to join the suit.

3. People he sued and threatened

Over the years, many people publicly accused Armstrong of doping. He sued and threatened many of those people and, in one case, in one case, he actually won damages from a newspaper for printing what he now admits is the truth. Now that paper has said they want their money back.

Forbes has estimated Armstrong's net worth at over $100 million.

Copyright 2013 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Book Review: 'Angels Make Their Hope Here'

Alan Cheuse reviews Angels Make Their Hope Here, by Breena Clarke.
NPR

Fruit Recall Hits Trader Joe's, Costco, Wal-Mart Stores

The recall applies to "certain lots of whole peaches (white and yellow), nectarines (white and yellow), plums and pluots" from a California packing company, the FDA says.
NPR

On Immigration, America's Concerns Are Fiery But Fleeting

In a recent Gallup poll, most named immigration the biggest problem confronting the nation. But past periods of heightened worries have been brief — and haven't brought about solutions.
NPR

9/11 Commission Issues An Update On Anniversary Of Report

Saying that the world has changed "dramatically," the report's authors write that al-Qaida groups have spread, and the threat for cyberterrorism has grown.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.