Lance Armstrong was ordered to pay $10 million to a sports insurance company after arbitrators ruled against the disgraced cyclist over bonuses he received during his Tour de France winning streak, the firm said on Monday.
Dallas-based SCA Promotions had paid $12 million in bonuses to Armstrong but sued to get its money back after the American had admitted to doping.
The arbitrators issued the award to SCA after a multi-day evidentiary hearing during which Armstrong testified.
“According to the arbitrators’ written ruling, the sanctions award punishes Armstrong for engaging in ‘an unparalleled pageant of international perjury, fraud and conspiracy,'” SCA said in a statement.
The bonus money from SCA was for three of Armstrong’s seven Tour de France victories. Armstrong was stripped of his titles and handed a lifetime ban in 2012, after a U.S. Anti-Doping investigation.
Reuters interviewed lead lawyer in the case, Jeffery Tillotson, at the time of the court hearings in early 2013, and Tillotson explained his clients complaint against the disgraced cyclist.
“My client had a contract with Lance Armstrong to whereby we would pay him prize money if he won a series of Tour de France in 2002, 2003, and 2004. He won those races. We paid him the prize money because he said he was a clean rider. Now that he’s admitted he doped and those titles have been stripped of him, my client feels it is entitled to the return of that money.”
Tillotson described the tactics employed by Armstrong against his client, SCA, and others.
“In the world of cycling he was enormously influential and powerful. He could drive sponsors away from a magazine if it published bad articles about him. He could prevent other riders from even working in the business like he did Frankie Andreu. He took out full pages ads in national newspapers against my client and there was nothing we could do to combat that.”