Lance Armstrong loses $10 million arbitration ruling
FILE - In this Aug. 29, 2012 file photo, Lance Armstrong speaks to delegates at the World Cancer Congress in Montreal. A three-man arbitration panel has ordered Armstrong and Tailwind Sports to pay $10 million in a fraud dispute with SCA Promotions, the promotions company announced Monday, Feb. 16, 2015. (AP Photo/The Canadian Press, Graham Hughes, File) (Credit: AP)
(AP) -- An arbitration panel ordered Lance Armstrong and Tailwind Sports Corp. to pay $10 million in a fraud dispute with a promotions company for what it called an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up his use of performance-enhancing drugs.
Dallas-based SCA Promotions announced the 2-1 decision against the former cyclist when its lawyers said...
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