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Lance Armstrong Loses Arbitration Hearing

Lance Armstrong Loses Arbitration Hearing

Gary Miller/FilmMagic

(DALLAS) -- Lance Armstrong has been ordered to pay a Dallas-based promotions company $10 million for committing fraud.

A three person arbitration panel in Texas ruled 2-1 that Armstrong lied under oath in 2005, saying that he never used performance enhancing drugs. 

SCA promotions accused the former cyclist of lying to obtain bonuses connected with winning seven Tour de France titles. In 2004, Armstrong sued SCA promotions for breach of contract when they withheld bonuses tied to a Tour de France victory.  An arbitrator ruled in favor of Armstrong, awarding him $7.5 million.

In what is believed to be the largest penalty levied against an individual in American judicial history, SCA promotions filed paperwork with a Texas court to make the arbitration ruling final. 

Earlier this month, Armstrong was involved in a car accident in Aspen and initially allowed his girlfriend to accept the blame. Police officials cited Armstrong for hit-and-run and exceeding safe a driving speed.

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Lance Armstrong: I Would Dope Again

Lance Armstrong: I Would Dope Again

Gary Miller/FilmMagic

(NEW YORK) -- Disgraced cyclist Lance Armstrong admitted he would cheat again if the circumstances were right.

"If I was racing in 2015, no, I wouldn't do it again because I don't think you have to do it again," Armstong said in an interview with the BBC. "If you take me back to 1995, when it was completely and totally pervasive, I would probably do it again."

Armstrong admitted to Oprah Winfrey in January 2013, after years of denying any wrongdoing, that he did dope while winning seven straight Tour de France championships.

Armstrong blames the culture of racing back in the 2000s, during which time he claims the vast majority of cyclists were using some sort of performance-enhancing substance to get an advantage.

"When I made that decision, when my teammates made that decision, the whole peloton made that decision, we get it," Armstrong said. "It was a bad decision in an imperfect time, but it happened."

Armstrong was stripped of his seven Tour de France titles and was removed as chairman of the Livestrong Foundation, the charitable organization he founded, after evidence proved he cheated.

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Another Insurance Carrier Files Suit Against Lance Armstrong

Another Insurance Carrier Files Suit Against Lance ArmstrongMichael Stewart/Getty Images(NEW YORK) -- A previously unknown insurance carrier has decided to file suit against Lance Armstrong for $3 million, plus damages, ABC News has learned.The case was filed late Thursday in Austin, Texas, and will be assigned...

US Government Joins Civil Lawsuit Against Lance Armstrong

US Government Joins Civil Lawsuit Against Lance ArmstrongMichael Stewart/Getty Images(WASHINGTON) -- More legal trouble for Lance Armstrong. The U.S. Justice Department announced Friday that it is joining a civil whistle-blower lawsuit against the disgraced cyclist, accusing him of defrauding the U.S. Postal...

Company Wants Lance Armstrong to Return $12M in Prize Money

Company Wants Lance Armstrong to Return $12M in Prize MoneyTom Pennington/Getty Images(NEW YORK) -- As if Lance Armstrong didn't have enough to worry about, now he's being sued by a prize-insurance company for fraud. Texas-based SCA Promotions Inc. hit the former cyclist with a lawsuit alleging that he and hi...

Company Wants Lance Armstrong to Return $12M in Prize Money

Company Wants Lance Armstrong to Return $12M in Prize MoneyMorne de Klerk/Getty Images(NEW YORK) -- As if Lance Armstrong didn't have enough to worry about, now he's being sued by a prize-insurance company for fraud.Texas-based SCA Promotions Inc. hit the former cyclist with a lawsuit alleging that he and his ...

Bradley Cooper Not Playing Lance Armstrong in Movie

Bradley Cooper Not Playing Lance Armstrong in MovieTheo Wargo/WireImage for Tommy Hilfiger(LOS ANGELES) -- Bradley Cooper is putting to rest reports that he wants to portray Lance Armstrong on the big screen in a new J.J. Abrams-directed film. In an interview with Access Hollywood, the Silver Linings P...

Report: Lance Armstrong Offered Spot on “Dancing with the Stars”

Report: Lance Armstrong Offered Spot on “Dancing with the Stars”Michael Stewart/Getty Images(LOS ANGELES) -- Lance Armstrong may no longer be able to compete in the Tour de France in the wake of his admission that he used performance-enhancing drugs, but he apparently can still contend, if he chooses, for the Danci...

Bradley Cooper Interested in Playing Lance Armstrong on Big Screen

Bradley Cooper Interested in Playing Lance Armstrong on Big ScreenTheo Wargo/WireImage for Tommy Hilfiger(LONDON) -- It was reported last week that J.J. Abrams is developing a movie about Lance Armstrong.  Abrams may want to consider Bradley Cooper for the lead role.In an interview with the BBC, the Oscar-nomina...

Lance Armstrong Confesses to Doping

Lance Armstrong Confesses to DopingHarpo Studios. Inc(NEW YORK) -- Lance Armstrong, formerly cycling's most decorated champion and considered one of America's greatest athletes, confessed to cheating for at least a decade, admitting on Thursday that he owed all seven of his Tour de Fran...

Emotional Lance Armstrong Comes Clean with Oprah

Emotional Lance Armstrong Comes Clean with OprahGeorge Burns/Oprah Winfrey Network via Getty Images(NEW YORK) -- The truth is officially out about cyclist Lance Armstrong.  In an interview with Oprah Winfrey that aired Thursday, the 41-year-old Armstrong admitted to using performance-enhancing ...

Did Doping Cause Lance Armstrong’s Cancer?

Did Doping Cause Lance Armstrong’s Cancer?Harpo Studios. Inc(NEW YORK) -- Before his disgrace, Lance Armstrong was known for his seven Tour de France victories, his comeback from cancer and the yellow bracelets of his foundation, Livestrong.Armstrong launched the cancer charity after being dia...

IOC Strips Lance Armstrong of Olympic medal

IOC Strips Lance Armstrong of Olympic medalTom Pennington/Getty Images(LONDON) -- The IOC has stripped Lance Armstrong of his bronze medal at the 2000 Sydney Olympic Games, ABC News has confirmed. The news comes after Armstrong admitted to Oprah Winfrey that he took performance enhancing drugs ...

Oprah Winfrey Describes Intense Lance Armstrong Interview

Oprah Winfrey Describes Intense Lance Armstrong InterviewMichael Stewart/Getty Images(NEW YORK) -- Oprah Winfrey said on Tuesday that Lance Armstrong came well prepared for their highly anticipated interview, although he "did not come clean in the manner [she] expected."Winfrey, who discussed the interview o...

Lance Armstrong Admits Doping in Tour de France, Sources Say

Lance Armstrong Admits Doping in Tour de France, Sources Say Morne de Klerk/Getty Images(NEW YORK) -- Lance Armstrong on Monday admitted to Oprah Winfrey that he used performance-enhancing drugs to win the Tour de France, sources told ABC News.A goverment source tells ABC News that Armstrong is now talking with...

Lance Armstrong Admits to Doping

Lance Armstrong Admits to DopingTom Pennington/Getty Images(NEW YORK) -- After being stripped of his seven Tour de France titles last year, Lance Armstrong admitted to using performance-enhancing drugs in a taped interview with Oprah Winfrey on Monday, ABC News has confirmed. For yea...

Lance Armstrong to Speak with Oprah Winfrey on Doping Scandal

Lance Armstrong to Speak with Oprah Winfrey on Doping ScandalMichael Stewart/Getty Images(NEW YORK) -- Oprah Winfrey will interview cyclist Lance Armstrong for Oprah's Next Chapter on Jan. 17, her network said on Tuesday.The 90-minute interview at his home in Austin, Texas, will be his first since officials stri...

UCI Strips Lance Armstrong of Tour de France Titles, Bans Him from Sport

UCI Strips Lance Armstrong of Tour de France Titles, Bans Him from SportMorne de Klerk/Getty Images(GENEVA) -- The global governing body of cycling Monday said it will officially strip Lance Armstrong of his seven Tour de France titles and ban him from the sport for life, marking an epic downfall for the cyclist once laude...

Armstrong Stripped of Tour De France Victories, Banned from Sport

Armstrong Stripped of Tour De France Victories, Banned from SportTom Pennington/Getty Images(GENEVA) -- The International Cycling Union (UCI) sided with the U.S. Anti-Doping Agency (USADA) on Monday, stripping Lance Armstrong of his seven Tour de France titles and banning him from the sport for life.Announcing the d...

Companies Cut Ties with Lance Armstrong After Livestrong Resignation

Companies Cut Ties with Lance Armstrong After Livestrong ResignationMorne de Klerk/Getty Images(NEW YORK) -- Corporate sponsors are bailing on Lance Armstrong in droves after a report by the U.S. Anti-Doping Agency showing evidence and testimony that Armstrong was involved in doping.On Wednesday, Armstrong announced he...
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