Friday, March 1, 2013

Lance Armstrong--will it ever end?

I wonder if Lance Armstrong will ever realize all the damage he inflicted on others?

Silicon Valley legend Thomas Weisel entangled in Lance Armstrong's problems - "Armstrong's "confession" could well be a precursor to his cooperating with federal investigators trying to determine if he and others defrauded the government by violating a no-doping clause the team had with its sponsor, the U.S. Postal Service. Weisel, 71, is the founder, owner and chairman of San Francisco-based Tailwind Sports. That was the holding company for the USPS cycling team that Armstrong led to an unbroken string of seven victories in the Tour de France, from 1999 to 2005. . . According to a report from Matt Smith and Lance Williams with the Center for Investigative Reporting, published this week in BusinessWeek, the Postal Service paid out $40 million in federal funds to sponsor the team from 1996 to 2004. Team management, which hired and paid the riders, promised in its contracts not to tolerate doping. If Armstrong now admits to doping, his entire operation could face litigation from the federal government, along with related lawsuits already filed against Tailwind. The New York Times reported that Armstrong was in discussions with the Justice Department to possibly testify against several team officials and owners. . . ."

No comments:

Reuters: World News

Top Stories - Google (UK) News

Reuters: Technology News

The Register articles by Kieren McCarthy

Altucher Confidential

BuzzMachine - Jeff Jarvis


My Reading List