SBD/Closing Bell

Lance Armstrong Does Not Plan To Pay Back Bonus Money

Lance Armstrong does not plan to pay back nearly $12M in bonus money "he received for winning the Tour de France despite his recent admission that he cheated to win the race every time." SCA Promotions, the company that paid Armstrong the bonsuses, said that "it expects to file a lawsuit against Armstrong this week to get its money back." Armstrong's attorney Tim Herman said, "No athlete ever, to my understanding, has ever gone back and paid back his compensation" (USATODAY.com, 2/4).
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