Cycling legend Lance Armstrong faces $100 mln fine

The US Justice Department has filed a formal complaint against Lance Armstrong, saying the doping-disgraced cyclist and team owners defrauded the US Postal Service of sponsorship money.

The government, which said in February that it would join a whistle-blower lawsuit brought by former Armstrong teammate Floyd Landis in 2010, says the USPS spent about $40 million in sponsor money between 1998 and 2004 and gave Armstrong $17 million.
Armstrong admitted last January that he took performance-enhancing drugs when he won the Tour de France seven times after having been stripped of the crowns based upon a US Anti-Doping Agency (USADA) investigation.

That prompted the US government's involvement in the fraud case, and it now seeks triple damages in a jury trial.

That could mean a total $100 million hit for Armstrong.