Disgraced cyclist Lance Armstrong loses $10 million fraud dispute

lanceweb11s-1-web

A Dallas arbitration panel today ordered Lance Armstrong and Tailwind Sports Corporation to pay $10 million in a fraud dispute with a promotions company.

The court called Armstrong and Tailwind's actions an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up the cycling and cancer hero's use of performance-enhancing drugs.

[AP | Dallas Morning News]