• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
cycling

Lance Armstrong Settles Fraud Allegations Over U.S. Postal Sponsorship for $5 Million

By
Sarah Gray
Sarah Gray
Down Arrow Button Icon
By
Sarah Gray
Sarah Gray
Down Arrow Button Icon
April 19, 2018, 6:45 PM ET

Disgraced former cyclist Lance Armstrong has agreed to pay $5 million to settle a fraud case over the U.S. Postal Service’s sponsorship of his cycling team, according to the New York Times.

The case, filed in 2010 by a former U.S. Postal Service teammate and whistleblower Floyd Landis under the False Claims Act, alleges that Armstrong and his teammates defrauded the U.S. government by doping while sponsored. The federal government joined the lawsuit in 2013, according the Associated Press, and could have sought three times the amount of damages awarded, which could have been around $100 million.

“While I believe that their lawsuit against me was meritless and unfair, and while I am spending a lot of money to resolve it, I have since 2013 tried to take full responsibility for my mistakes and inappropriate conduct, and make amends wherever possible,” Armstrong said in a statement to the AP. “I rode my heart out for the Postal cycling team, and was always especially proud to wear the red, white and blue eagle on my chest when competing in the Tour de France. Those memories are very real and mean a lot to me.”

The U.S. Postal Service paid the team $32 million, of which Armstrong got around $13.5 million the AP reported. Armstrong’s attorneys claimed that the U.S. Postal Service benefited from the sponsorship, including media exposure.

In a televised confession in 2013, Armstrong admitted to doping during the seven Tour de France races he won from 1999 to 2005. Six of those years were under the banner of the U.S. Postal Service, according to the Times. In 2012, after the United States Anti-Doping Agency accused him and his teammates of doping, he was stripped of his Tour de France titles.

Landis, who was a whistleblower in the doping scandal and stripped of his 2006 Tour de France title for doping, is eligible to up to 25% of the damages as the whistleblower along with $1.65 million in attorney fees.

Armstrong has already had to “pay more than $20 million in damages and settlements in a series of lawsuits,” according to the AP. In 2012, the federal government dropped a criminal case against the former cyclist.

“This ends all litigation against Armstrong related to his 2013 admission that during his career as a professional cyclist he had used performance enhancing substances,” according to a statement from Armstrong’s attorney.

About the Author
By Sarah Gray
See full bioRight Arrow Button Icon

Latest in

LawAT&T
AT&T promised the government it won’t pursue DEI. FCC commissioner warns it will be a ‘stain to their reputation long into the future’
By Kristen Parisi and HR BrewDecember 4, 2025
4 hours ago
Big TechSpotify
Spotify users lamented Wrapped in 2024. This year, the company brought back an old favorite and made it less about AI
By Dave Lozo and Morning BrewDecember 4, 2025
4 hours ago
Letitia James
LawDepartment of Justice
Piling on Trump DOJ’s legitimacy issues, Letitia James challenges appointment of U.S. attorney suing her
By Michael Hill and The Associated PressDecember 4, 2025
4 hours ago
Trump
North Americatourism
Trump administration orders embassies, consulates to prioritize visas for sports fans traveling for World Cup, Olympics
By Matthew Lee and The Associated PressDecember 4, 2025
4 hours ago
Personal FinanceCertificates of Deposit (CDs)
Best certificates of deposit (CDs) for December 2025
By Glen Luke FlanaganDecember 4, 2025
4 hours ago
Scalise
PoliticsCongress
Congress flatlines in attempt to regulate college sports with bill ‘not ready for prime time’
By Joey Cappelletti and The Associated PressDecember 4, 2025
4 hours ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
14 hours ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
10 hours ago
placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
2 days ago
placeholder alt text
Economy
Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook
By Sasha RogelbergNovember 28, 2025
6 days ago
placeholder alt text
Health
Bill Gates decries ‘significant reversal in child deaths’ as nearly 5 million kids will die before they turn 5 this year
By Nick LichtenbergDecember 4, 2025
21 hours ago
placeholder alt text
Economy
Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
8 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.