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Lance Armstrong Must Pay $10 million In Perjury Battle
To protect his mythic status as an American sports hero, Lance Armstrong lied under oath in 2005, saying he never used performance-enhancing drugs. An arbitration panel in Texas ruled it's time for him to pay for it, handing down a $10 million penalty believed to be the largest such sanction against an individual in American judicial history.
In a 2-1 decision, the panel ordered the disgraced cyclist to pay the money to SCA Promotions, a Dallas sports insurance company that paid Armstrong's bonuses for winning the Tour de France and then helped cause his epic fall from grace in 2012.
"Perjury must never be profitable," the panel wrote in its ruling.
Read the full story: www.usatoday.com
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