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Armstrong Becomes ‘Madoff on a Bike’ as Cheating Shatters Lives

The fall of Lance Armstrong was as steep as the mountains he climbed en route to the Champs-Elysees and life as a global icon. He left a trail of destruction on the way up and on the way down.

The damage included the careers of teammates and support staff whom he verbally attacked or sued. Millions of dollars invested in cycling’s biggest star by corporate sponsors large and small are now gone. Armstrong’s Livestrong anti-cancer charity, whose yellow plastic donation bracelets were once ubiquitous, faces questions about whether it can retain support. Some former backers may have millions of dollars in legal bills as litigation over the sports fraud plays out.