SCA Promotions and Lance Armstrong

Lance Armstrong: Dallas-based SCA Promotions announced the decision on Monday. The promoters had paid Armstrong and Tailwind, the now-dissolved team management firm, about $12 million in bonuses during Armstrong career, which saw him win seven Tour de France titles. Those victories were stripped after Armstrong and his US Postal Service teams were found to have used banned drugs despite numerous denials, according to Deutsche Welle. 'The most devious sustained deception ever perpetrated' Lance Armstrong and Tailwind Sports Corp., who owned his Tour de France teams, were ordered to pay $10 million 8.8 million euros to a promotions company for what a three person arbitration panel called an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up his use of performance-enhancing drugs. SCA sued the cyclist to get its money back after Armstrong cheating was exposed by a report from the U.S. Anti-Doping Agency and Armstrong confessed during an interview on the Oprah Winfrey Show. (news.financializer.com). As reported in the news.