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madinmaryland

(64,920 posts)
Wed Apr 24, 2013, 12:13 PM Apr 2013

Justice Department files lawsuit against Lance Armstrong

AUSTIN, Texas (AP) The Justice Department laid out its case in a lawsuit against Lance Armstrong on Tuesday, saying the cyclist violated his contract with the U.S. Postal Service and was "unjustly enriched" while cheating to win the Tour de France.

The government had previously announced it would join the whistle-blower lawsuit brought by former Armstrong teammate Floyd Landis under the federal False Claims Act. Tuesday was the deadline for the Justice Department to file its formal complaint.

The Postal Service paid about $40 million to be the title sponsor of Armstrong's teams for six of his seven Tour de France victories. The filing in U.S. district court in Washington, D.C., says the USPS paid Armstrong $17 million form 1998-2004.

The lawsuit also names former team Armstrong team director Johan Bruyneel and team management company Tailwind Sports as defendants.

The financial costs for Armstrong and Bruyneel could be high. The government said it would seek triple damages assessed by the jury.

"Defendants were unjustly enriched to the extent of the payments and other benefits they received from the USPS, either directly or indirectly," the complaint said.

Read More: http://sportsillustrated.cnn.com/more/news/20130423/lance-armstrong-lawsuit-justice-department-postal-service.ap/#ixzz2ROjlKqYJ

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Justice Department files lawsuit against Lance Armstrong (Original Post) madinmaryland Apr 2013 OP
Not surprised ... Armstrong is easier pickings than Wall Street. Auggie Apr 2013 #1

Auggie

(31,054 posts)
1. Not surprised ... Armstrong is easier pickings than Wall Street.
Wed Apr 24, 2013, 01:27 PM
Apr 2013

That's assuming, BTW, Wall Street would even allow the DOJ to file a lawsuit charge against it.

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